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Ever since the European Union announced additional tariffs on my country's electric vehicles, my country's new energy vehicle companies have been somewhat worried, but among them, SAIC Group's anxiety seems to be even greater.

The most important reason is that SAIC's electric vehicle brands are extremely popular in Europe (such as MG), which also leads to the EU imposing the highest tax rate on SAIC.

On August 20, the European Commission released a draft final decision on the results of its anti-subsidy investigation into Chinese electric vehicles and adjusted some of the proposed tax rates.

According to the EU's latest plan, companies that do not cooperate with the EU's anti-subsidy investigation will be subject to a tax rate of up to 36.3%, which is lower than the maximum temporary tax rate of 37.6% set in July; other companies that cooperate with the investigation (such as Dongfeng Motor and NIO) will generally be subject to a tax rate of 21.3%.

Although the temporary tax rates of the three Chinese companies that the EU has previously sampled will be slightly reduced, BYD's tariff rate will be reduced from 17.4% to 17%, Geely's tariff rate will be reduced from 19.9% ​​to 19.3%, and the additional tax rate on SAIC Group will be reduced from 37.6% to 36.3%.

But for SAIC Group, the tax rate imposed by the EU is still as high as 36.3%.

On August 21, in response to the "preliminary disclosure of the EU's final anti-subsidy ruling", SAIC Motor issued a statement saying that the European Commission plans to make a final ruling by October 30 at the latest. In response to the European Commission's determination, SAIC Motor will take further legal measures to actively safeguard its own rights and interests depending on how the situation develops.

It is reported that during the anti-subsidy investigation, SAIC Group actively conducted legal defense by submitting questionnaires, written defense, and stating opinions at hearings, etc., providing thousands of documents and written evidence.

In fact, SAIC Motor and the EU have been arguing for a long time over the anti-subsidy investigation against Chinese electric vehicles. It is worth noting that the currently announced higher tariff rate of 36.3% was also the result of SAIC Motor's repeated defenses.

On June 12, the European Commission released a preliminary ruling information disclosure, calculating a subsidy rate of 38.1% for SAIC. SAIC quickly submitted a defense against the calculation errors in the preliminary ruling disclosure. On July 4, the European Commission officially announced the preliminary ruling results, announcing a tax rate of 37.6%, and planned to impose temporary anti-subsidy duties accordingly.

Subsequently, in July, SAIC Group stated that it would formally request the European Commission to hold a hearing on China's temporary anti-subsidy tax measures on electric vehicles and further exercise its right of defense in accordance with the law.

In its defense application, SAIC Group stated that the European Commission's anti-subsidy investigation involves commercially sensitive information, such as the investigation requiring cooperation in providing battery-related chemical formulas, which is beyond the normal scope of the investigation.

On the eve of the EU's final anti-subsidy ruling, it is unclear whether SAIC Group can still regain its own "justice" through defense and uphold the legitimate rights and interests of China's electric vehicle industry going overseas.