EU to Levy Temporary Anti-Subsidy Duties on Chinese EV Imports, SAIC MG Responds
TapTechNews June 13th news, on June 12th, the European Commission announced that it plans to levy temporary anti-subsidy duties on imported electric vehicles from China starting from July 4th. In response, the SAIC MG brand that has been deeply engaged in the European market has responded.
SAIC MG disclosed that the additional tariff rate imposed on the SAIC MG brand reaches 38.1%, and the total tariff rate reaches 48.1%. For the unreasonable trade protection barriers and unfair market differentiated treatment on the part of the EU, it is believed that the vast majority of同业 (industry colleagues), partners, and users who are committed to achieving the green and low-carbon travel cause will also be deeply surprised and firmly oppose this measure that clearly goes against the principles of fair competition and free trade.
SAIC MG stated that in 2023, the MG brand achieved 231,818 units of terminal deliveries in the European market, consecutively topping the list of Chinese auto brands' sales in Europe for twelve years, among which the MG4EV won the champion of compact pure electric vehicles in Europe, and also won the grand slam of the annual car awards in major automotive countries such as the UK, France, and Germany.
TapTechNews attached the original response:
MG brand's statement on the EU's imposition of temporary tariffs on Chinese new energy vehicles
On June 12th, 2024, the European Commission announced that it will impose temporary tariffs on Chinese new energy vehicles starting from July 4th, involving an additional tariff rate imposed on the SAIC MG brand reaching 38.1%, and the total tariff rate reaching 48.1%.
Regarding the unreasonable trade protection barriers and unfair market differentiated treatment on the part of the EU, it is believed that the vast majority of同业 (industry colleagues), partners, and users who are committed to achieving the green and low-carbon travel cause will also be deeply surprised and firmly oppose this measure that clearly goes against the principles of fair competition and free trade!
As the leader of Chinese auto brands exporting to the European market, the MG brand insists on investing heavily in technological innovation and deeply cultivating the world's major new energy markets with the world's leading quality, and has gained wide trust and confidence from European consumers. In 2023, the MG brand achieved 231,818 units of terminal deliveries in the European market, consecutively topping the list of Chinese auto brands' sales in Europe for twelve years, among which the MG4EV won the champion of compact pure electric vehicles in Europe, and also won the grand slam of the annual car awards in major automotive countries such as the UK, France, and Germany, providing the EU consumers with green and environmentally friendly high-quality products. These achievements are the result of decades of investment by Chinese automakers in pursuing technological progress and are obtained through the technological innovation of SAIC rather than subsidies.
In the future, our determination to create global-quality global vehicles remains unchanged! Our determination to represent high-value Chinese cars going global remains unchanged! Our determination to provide the best products and services to consumers remains unchanged!
The rise of the Chinese auto industry and its participation in global competition is the result of the open, learning, cooperation, hard work, and long-term efforts of several generations of Chinese auto people. The historical trend of the continuous development of Chinese autos and benefiting global consumers will not change!
MG brand will continue to look globally and adheres to being rooted in China.
If one wears the crown, one must bear the weight.
MG brand believes that the future is a vast ocean of stars!
