Do you think, the China trade tarrifs news is overplayed? Afterall, with BYD, Nio already having major market shares (in China), these companies never stood a chance to compete in EV segment there anyway.
Secondly, luxury is immune to tarrifs, because a price hike for the end consumer only increases the appeal of the product.
The valuations below are quite rare. Time to buy like no tomorrow? Good contra-bet?
| Stock | PE | PB |
|---|---|---|
| STOXX Europe 600 Auto & Parts Index | 6 | 0.8 |
| BMW | 5 | 0.6 |
| VW | 3.5 | 0.3 |
| Mercedes-Benz Group | 5 | 0.7 |
| Stellantis | 3 | 0.7 |
| Renault | 6 | 0.5 |
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