Geely Automobile Holding Ltd (OTC:GELYY) (OTC:GELYF), a Chinese automaker, has reportedly indicated that its electric vehicle (EV) sales could be affected due to ongoing hostilities in the Red Sea, where Yemeni militants are targeting vessels, compelling shippers to opt for longer, costlier routes.
The company said that the majority of its shipping partners that export cars to Europe plan to reroute around the Cape of Good Hope instead of using the Suez Canal, traditionally the quickest passage from Asia to Europe.
If these Red Sea tensions persist, shipping firms are likely to revise freight rates, leading to increased transportation costs, reported Reuters.
The report cited a logistics industry source who shared that this rerouting could quintuple shipping costs and predicted a vessel shortage by the second half of January due to extended travel times.
China has exported 1.63 million vehicles to Europe in the first ten months of this year, marking a 147% increase from the previous year, as per the report quoting the China Passenger Car Association (CPCA).
Also Read: Chinese Automaker Geely's EV Brand Zeekr Launches Rapid-Charge Batteries: Report
The surge in Chinese car sales in Europe has reportedly raised concerns among European regulators, prompting investigations into possible tariffs to protect EU automakers.
In response to the potential shipping disruptions in the Red Sea, Stellantis N.V. (NYSE:STLA), the parent company of Chrysler, stated that it is closely monitoring the situation and will adapt its strategy accordingly to manage these new shipping challenges, as per the report.
Price Action: GELYY shares closed higher by 1.61% at $20.22 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
據報道,中國汽車製造商吉利汽車控股有限公司(場外交易代碼:GELYY)(場外交易代碼:GELYF)表示,由於紅海持續的敵對行動,其電動汽車(EV)的銷售可能會受到影響,也門武裝分子將船隻作爲目標,迫使託運人選擇更長、更昂貴的路線。
該公司表示,其向歐洲出口汽車的大多數航運合作伙伴都計劃改道繞好望角航線,而不是使用蘇伊士運河,蘇伊士運河傳統上是從亞洲到歐洲最快的通道。
路透社報道,如果這些紅海緊張局勢持續下去,航運公司很可能會修改運費,從而導致運輸成本增加。
該報告援引一位物流業消息人士的話說,這種航線改道可能會使運輸成本增加五倍,並預測由於旅行時間延長,到1月下半月,船隻將出現短缺。
報告援引中國乘用車協會(CPCA)的話說,今年前十個月,中國向歐洲出口了163萬輛汽車,比上年增長了147%。
另請閱讀: 中國汽車製造商吉利的電動汽車品牌極客推出快速充電電池:報告
據報道,中國在歐洲汽車銷量的激增引起了歐洲監管機構的擔憂,促使人們對可能徵收的關稅進行調查,以保護歐盟汽車製造商。
報告稱,針對紅海潛在的航運中斷,克萊斯勒的母公司Stellantis N.V.(紐約證券交易所代碼:STLA)表示,它正在密切關注局勢,並將相應地調整其戰略以應對這些新的航運挑戰。
價格走勢:週四,GELYY股價收盤上漲1.61%,至20.22美元。
免責聲明: 該內容部分是在人工智能工具的幫助下製作的,並由Benzinga編輯審閱和發佈。