The Chinese electric car manufacturer was reportedly concerned about the safety of its sensitive business information
faces an additional 36.3% tariff, while its rivals face increases of less than 20%. The Europe an Commission labeled
. It has now been revealed this is because the state-owned group did not adequately cooperate with EU investigations into the Chinese car market receiving government support and subsidies. Following the investigation, initially complied and sent detailed replies to questionnaires. However, “these replies were found to be highly deficient” and did not provide adequate information about the costs of production, bills of material, the chemical composition of raw materials purchased from suppliers, and information related to grants that
had impeded its investigation and informed the carmaker. Unsurprisingly, the company wasn’t willing to go quietly into the night, saying that it disagreed with the assessment and that it had complied with requests. The EU took particular issue after only receiving screenshots of important accounting and financial documents, suggesting it was unable to verify the accuracy of the information.
Electric Vehicles Europe MG Reports SAIC
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