EU revises tariffs SAIC 38.1 > 37.6% Geely 20 > 19.8% BYD remain as 20%

$BYD COMPANY(01211.HK)$ $Tesla(TSLA.US)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that according to Bloomberg sources, the EU has slightly tweaked the provisional rates for SAIC and Geely by a small margin. SAIC Motor Corp.’s new provisional rate is 37.6% and Geely Automobile Holding’s new rate dropped to 19.9%. BYD’s rate remained the same. Before the revision, BYD received a provisional rate of 20% while SAIC received a rate of 38.1% and Geely had a 20% rate. The EU’s new provisional tariffs for BEV imports from China will be applicable on July 4, 2024.
My Take: The small revision in tariffs on SAIC and Geely is merely a diplomatic gesture towards China government's appeal -  and have limited change on previous tariff imposed to Chinese EV imported to EU.

1. EU imposes additional tariffs 21+10% on Nio and Xpeng

2. EU impose tariffs on imported Chinese EV: BYD 17.4% Geely 20% SAIC 38.1%