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SAIC vows to take further measures after EU tariffs draft

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FILE PHOTO: MG Motor vehicles, a brand of Chinese state-owned carmaker SAIC, are seen reflected in the glass of a car showroom in Santander, Spain, 2024. REUTERS/Vincent West/File Photo
MG Motor vehicles, a brand of Chinese state-owned carmaker SAIC, are seen reflected in the glass of a car showroom in Santander, Spain, 2024. The Chinese car manufacturer SAIC says it will protect its rights and interests after plans for EU tariffs on EVs were published. REUTERS/Vincent West/File Photo

BEIJING – 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.

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