SAIC Motor Pledges to Take Further Measures After EU Draft Findings on Subsidies

BEIJING – On Wednesday, China’s SAIC Motor said it will take further legal measures to protect its rights and interests following the European Commission’s draft findings from its anti-subsidy investigations into Chinese electric vehicles.

SAIC’s 2024 overall sales encountered some short-term fluctuations due to pressure from Europe and the United States, the company said in a statement.

In response, SAIC plans to intensify its efforts to recover from these challenges and aims for a steady increase in monthly sales, it added.

(Source: ReutersReuters)

SAIC Motor

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