China’s SAIC vows to take further action after EU draft conclusions on subsidies By Reuters

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

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

In response, SAIC plans to step up its efforts to recover from these challenges and aims for steady growth in monthly sales, it added.