Jefferies analysts said the EU and China have agreed on protective measures for hybrid vehicles, and similar measures for chemical products were under discussion at the EU summit. They pointed to a 12-month EU investigation into sharp increases in tire imports from China, during which Chinese market share rose from 18% to 28% between 2021 and 2024. European tire manufacturersu2019 share prices rose 34% during that investigation and continued rising after results were published, suggesting investors revalued shares even before political decisions were made.
Source: MarketScreener / dpa-AFX / Jefferies
