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Chinese EV Stocks Decline Amid New Export License Requirement
Chinese EV Stocks Decline Amid New Export License Requirement
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BTCCSquare news:
Li Auto's American Depositary Receipts fell nearly 5% Friday as China's commerce ministry announced new export license requirements for electric vehicle manufacturers. The policy, effective January 2026, aims to regulate overseas sales and protect the reputation of China's auto industry.
The MOVE comes as China solidifies its position as the world's largest car exporter, with EVs accounting for 40% of projected 5.5 million unit sales in 2024. While targeting unregulated traders, the licensing scheme extends existing restrictions on traditional and hybrid vehicles to pure EV makers.
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