SAIC Motor to Intensify Legal Actions Amid European Anti-Subsidy Findings

SAIC Motor has announced plans to take further legal steps following the European Commission's anti-subsidy findings on Chinese electric vehicles. The company faced short-term sales fluctuations in 2024 due to pressure from Europe and the U.S. SAIC aims to focus on recovering and achieving steady sales growth.

China's SAIC Motor stated on Wednesday that it will pursue additional legal measures to safeguard its rights and interests after the European Commission's draft findings from its anti-subsidy investigations into Chinese electric vehicles.

In a statement, SAIC acknowledged that its overall sales in 2024 had encountered some short-term fluctuations due to external pressures from Europe and the United States.

To counter these challenges, SAIC plans to strengthen its recovery efforts and target a steady increase in monthly sales, according to the company.

(With inputs from agencies.)