Market Chatter: Chinese EV Manufacturers Seen to Benefit from Iran War

MT Newswires Live

04/17

German buyers are keen to purchase Chinese electric car brands due to rising fuel prices, Reuters reproted Thursday, citing online marketplace Carwow.

Purchase queries for BYD (HKG:1211, SHE:002594) saw the fastest surge at 135% during the first quarter, the report said.

Potential buyers showed most interest in BYD's electric-powered SUVs and the cheap Dolphin hatchback, the report said.

Aside from BYD, other Chinese car manufacturers such as SAIC Motor's (SHA:600104) MG are seen to benefit the most from higher pump prices due to the Iran war, according to Reuters, citing the platform.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HYDD.SI","symbol_name":"BYD HK SDR 10to1","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2628272903","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628272903","pubTimestamp":1776419198,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}