Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 -0.00815872427220493
Stock impact report

Chinese ambassador pitches new EVs as first step to new Canadian jobs, cheaper cars [BNN Bloomberg (Canada)]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: BNN Bloomberg
“Only win-win co-operation can last,” Chinese Ambassador to Canada Wang Di told The Canadian Press on Wednesday. “All these projects will be beneficial to the development of the Canadian EV industry, and will be helpful for job growth in Canada, and will help Canadian consumers to be able to buy higher quality and more affordable cars,” Wang said through his interpreter. Prime Minister Mark Carney and Chinese President Xi Jinping signed an agreement last week that will allow Chinese electric vehicles into the country at a 6.1 per cent tariff rate. The deal includes an annual import quota of up to 49,000 Chinese EVs and requires that half of them have an import price of under $35,000 by 2030. Canada joined the U.S. in putting a 100 per cent tariff on Chinese electric vehicles in 2024. China has been accused of using unfair subsidies to build up its EV sector and of dumping vehicles in the North American market. The levy prompted China to slap tariffs on Canadian agricultural Show less Read more
Impact Snapshot
Event Time:
MGA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
MGA alerts

from News Quantified
Opt-in for
MGA alerts

from News Quantified