Automotive News Europe — 2024-07-22
Automotive Industry
The EU ignored some key information and counter-arguments submitted by SAIC and inflated the subsidy rates for many projects, the automaker said.
China’s SAIC has filed a defense to the European Union's preliminary anti-subsidy ruling, according to a company statement.
The defense was to "actively protect its legitimate rights and interests," SAIC said in the statement, claiming that the EU's electric-vehicle probe involves commercially sensitive information "beyond the scope of normal investigations."
The European Commission has ignored some of the key information and counter-arguments submitted by SAIC and inflated the subsidy rates for many projects, it added.
The bloc imposed provisional tariffs of between 17.4% and 37.6% earlier in July 2024 on Chinese-made EVs and SAIC's MG brand has been hit with the highest 37.6% tariff.