China's SAIC to file lawsuit countering EU's ruling on EVs
ReutersOct 30, 2024 9:01 AM
BEIJING (Reuters) - China's SAIC Motor said it intends to file a lawsuit at the European Union's Court of Justice to protect its rights and interests after the EU ruled to hike tariffs on Chinese-built electric vehicles to as much as 45.3%.
The automaker said the European Commission's countervailing investigation was "wrong in determining subsidies" and had "inflated subsidy rates" by ignoring key information and the firm's counter arguments.
It also said it is taking measures to adapt to the trade barriers and will ramp up efforts to bring new models with various types of powertrain to Europe.
(Reporting by Liz Lee and Beijing newsroom; Editing by Christopher Cushing)
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