Recently, the European Commission issued a notice saying that if it is unable to reach a solution with China, it will impose a temporary countervailing duty on electric vehicles imported from China from July 4, 2024 onwards. This move will undoubtedly bring great pressure on China's EV exports to the European market, especially leading companies like SAIC, BYD, Geely Automobile, etc., which will face high tariff barriers. It is reported that named companies such as SAIC may face tariff increases of up to 38.1%, which is undoubtedly a heavy blow to Chinese EV companies that rely on the European market. From January to April this year, the number of electric cars exported by SAIC to the EU has accounted for half of the total exports, and the announcement of this news has undoubtedly brought a considerable impact on its stock price. At the same time, lithium carbonate futures market also showed weakness. Since early March this year rebounded to a high level, lithium carbonate futures prices have been in a state of shock downward. Recently, due to the electric vehicle market demand into the off-season, lithium carbonate futures after the opening of the continuation of the downward trend, therefore, lithium carbonate futures prices are likely to continue to be under pressure.