SAIC Motor Defends Against EU's Anti-Subsidy Ruling

Chinese automaker SAIC Motor has filed a defence to the European Union's preliminary anti-subsidy ruling. The company aims to protect its rights, stating that the EU's probe into electric vehicles involves sensitive information beyond normal investigations. SAIC also claims the European Commission ignored key submissions and inflated subsidy rates.

Chinese automaker SAIC Motor has filed a defence against the European Union's preliminary anti-subsidy ruling, according to a company statement released Monday. The company stated its goal is to 'actively protect its legitimate rights and interests,' claiming the EU's electric vehicle (EV) probe involves commercially sensitive information beyond the scope of normal investigations.

SAIC Motor criticized the European Commission for ignoring key information and counter-arguments submitted by the company. Additionally, it accused the Commission of inflating subsidy rates for many projects. In July, the EU imposed provisional tariffs ranging from 17.4% to 37.6% on Chinese-made EVs, with SAIC facing the highest tariff of 37.6%.

The dispute highlights growing tensions between China and the EU over trade and technology sectors.

(With inputs from agencies.)