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China's SAIC to challenge EU anti-subsidy decision at European Court of Justice

( November 1, 2024, 06:54 GMT | Official Statement) -- MLex Summary: Chinese automaker SAIC plans to challenge the implementing decision of the EU anti-subsidy probe against Chinese EV exports at the European Court of Justice to protect its legitimate rights and interests, the company said in a recent statement. SAIC said the European Commission's anti-subsidy investigation involves commercially sensitive information and it believes there are errors in the subsidy determination, such as ignoring some key information and defense opinions submitted by SAIC, and artificially increasing the subsidy rates for multiple projects, the statement added. SAIC is subject to an anti-subsidy duty of 35.3 percent....

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