China’s SAIC vows to take further measures after EU draft findings on subsidies

BEIJING (Reuters) – China’s SAIC Motor said on Wednesday 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.