Bank of America Downgrades Multiple European Automakers Amid Chinese EV Inroads

From：Internet Info Agency 2026-05-12 12:52:16

Bank of America Merrill Lynch downgraded the stock ratings of Stellantis NV and Renault Group and lowered the price target for Volkswagen shares on Monday, U.S. Eastern Time. In its report, the firm cited intensifying competitive pressure from Chinese automakers rapidly expanding into the European market as the primary reason for the adjustments.

Editor：NewsAssistant

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