TapTechNews August 21st news, yesterday, the European Commission released the pre-disclosure of the final ruling information of the anti-subsidy investigation, and calculated the highest subsidy rate of 36.3% for SAIC Motor.
SAIC Motor issued a document today in response, stating that due to factors such as overseas pressure from Europe and the US, this year, SAIC's overall sales have experienced short-term fluctuations and will make every effort to make up and strive to achieve consecutive monthly increases in sales on a monthly basis.
At the first extraordinary general meeting of shareholders in 2024 held recently, Jia Jianxu, the president of SAIC Motor, clearly stated, This year, SAIC's sales in Europe will not be lower than last year, and SAIC's own brand MG's HEV products will soon enter Europe; now the enthusiasm for HEV cars exceeds our imagination, and some orders can only be delivered in the first quarter of next year.
The European Commission plans to make the final ruling by October 30 at the latest. In response to the recognition of the European Commission, SAIC Motor said that it will take further legal measures and actively safeguard its own rights and interests depending on the development of the situation.
SAIC Motor stated that it will continue to maintain open communication and active cooperation with global partners; at the same time, it will take all necessary legal and commercial measures depending on the development of the situation to effectively protect its legitimate rights and interests and the interests of global customers.
TapTechNews summarizes the pre-disclosure of the final ruling information of the anti-subsidy investigation of the European Commission as follows:
BYD: 17.0%;
Geely Automobile: 19.3%;
SAIC Motor: 36.3%;
Other partner companies: 21.3%;
All other non-partner companies: 36.3%;
In addition, the EU also decided to implement a separate tariff rate for Tesla as a Chinese exporter, which is currently set at 9%.
After the release of the news of the European Commission, China's Ministry of Commerce and China Automobile Industry Association all issued announcements expressing strong opposition.
Related readings:
The EU Announces to Impose 9~36.3% Final Anti-Subsidy Tax on Chinese Imported Pure Electric Vehicles, and Tesla is Tentatively Set at 9%.
China Automobile Industry Association: Strongly Oppose the European Commission's Imposition of High Tariffs on Chinese Electric Vehicles.
The EU Imposes 9~36.3% Final Anti-Subsidy Tax on Chinese Imported Pure Electric Vehicles, and the Ministry of Commerce Responds by Saying 'Strongly Oppose'.