Stocks of Chinese EV makers slide in Hong Kong as EU subsidy probe stokes fears

Stocks of Chinese EV makers slide in Hong Kong as EU subsidy probe stokes fears

FILE PHOTO: The BYD Atto 3 EV car is displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. REUTERS/Athit Perawongmetha/File Photo

Hong Kong-listed shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese EV subsidies, escalating EU-China tensions and prompting analysts to warn of retaliatory action.