Chinese EV Makers Accelerate Europe Push -- Market Talk

Dow Jones05-11

1244 GMT - Chinese automakers are accelerating their push into Europe and aren't only targeting premium EVs, but also the compact, SUV and family-car segments where Renault, Stellantis and Volkswagen are most exposed, BofA Securities writes in a note. Even if oil prices ease, the fuel shock has put running costs back at the center of buying decisions, especially in Europe where pump prices are structurally high. BofA downgrades its rating on Stellantis to underperform from neutral and lowers its price objective on the company's shares to 5.50 euros from 7.50 euros, saying that too much recovery is priced in. The bank also downgrades its rating on Renault to neutral from buy and lowers its share price target to 33 euros from 36 euros, with the group's high exposure to the subcompact/supermini segment in Europe leaving it vulnerable to Chinese price pressure. (dominic.chopping@wsj.com)

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May 11, 2026 08:44 ET (12:44 GMT)

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BofA downgrades its rating on Stellantis to underperform from neutral and lowers its price objective on the company's shares to 5.50 euros from 7.50 euros, saying that too much recovery is priced in. The bank also downgrades its rating on Renault to neutral from buy and lowers its share price target to 33 euros from 36 euros, with the group's high exposure to the subcompact/supermini segment in Europe leaving it vulnerable to Chinese price pressure. 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Even if oil prices ease, the fuel shock has put running costs back at the center of buying decisions, especially in Europe where pump prices are structurally high. BofA downgrades its rating on Stellantis to underperform from neutral and lowers its price objective on the company's shares to 5.50 euros from 7.50 euros, saying that too much recovery is priced in. The bank also downgrades its rating on Renault to neutral from buy and lowers its share price target to 33 euros from 36 euros, with the group's high exposure to the subcompact/supermini segment in Europe leaving it vulnerable to Chinese price pressure. 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