SAIC Motor, hit with highest EU tariff rate on Chinese EV exports, requests hearing to explain its case
- The Shanghai-based carmaker said the European Commission overlooked some information and counterarguments it submitted during the anti-subsidy investigation
The Shanghai-based carmaker, which was slapped with the highest tariff rate by the EU, said in a statement on Friday that the European Commission overlooked some of the information and counterarguments it submitted during the anti-subsidy investigation.
“SAIC Motor will formally request the European Commission to hold a hearing on the temporary countervailing duties imposed on Chinese-made electric vehicles (EVs) to further exercise its rights of defence,” the company said in a statement on Friday. “The organisation committed errors in determining subsidies.”
It added that some incentives granted to domestic consumers by mainland Chinese authorities had been mistakenly counted as subsidies to spur EV exports.
Additional duties ranging from 17.4 per cent to 37.6 per cent were imposed on made-in-China electric cars bound for the EU starting Thursday, as the bloc described them as underpriced products with state subsidies that infringed upon the interests of European competitors.