Fast Technology reported on October 30 that it was reported that a few days ago, despite China’s opposition, the European Commission announced the end of the “countervailing investigation” and insisted on imposing the so-called “final countervailing duty” on China’s electric vehicles for a five-year period.
China’s export producers will be subject to the following countervailing duties: , BYD: 17.0%. Geely: 18.8%. SAIC: 35.3%. other cooperative companies will be subject to a 20.
7% tariff.
, after submitting a separate review request, American car company Tesla will be subject to a minimum tax rate of 7.8%. all other non-cooperative companies will bear a 35.
3% tariff.
, regarding the imposition of additional tariffs on top tariffs, SAIC Motor announced today that SAIC intends to sue the European Court of Justice in response to the European Commission’s final countervailing ruling.
SAIC said that the European Commission’s countervailing investigation involved commercially sensitive information and there were errors in the identification of subsidies.
It ignored some key information and defense opinions submitted by SAIC, and inflated the subsidy rates for multiple projects.
SAIC has provided thousands of documents and written evidence to carry out legal defenses through various methods such as submitting questionnaires, written defenses, and hearing statements.
SAIC deeply regrets the final ruling by the European Commission and plans to take necessary legal measures to sue the case to the European Court of Justice to safeguard its legitimate rights and interests.
The EU will focus on imposing an additional tariff of up to 35.
3% on SAIC’s pure tram models, which will push up the cost of buying cars for European consumers and hinder the popularization of electric vehicles.
Currently, SAIC is taking a series of measures to enhance its ability to adapt to European trade barriers, including increasing efforts to introduce new models equipped with various power systems to the European market, further enriching SAIC MG’s product series in Europe, improving service efficiency, and striving to repay European consumers ‘trust and love for the MG brand.
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