Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B

The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

On May 24, 2014, Chinese President Xi Jinping visited SAIC Motor and emphasized that the development of new energy vehicles (NEVs) was essential for China to transition from being a major auto producer to an auto powerhouse.

Nevertheless, China’s domestic economy remained sluggish overall last ... becoming the country’s largest vehicle manufacturing group ahead of SAIC Motor. Its BEV sales rose by 12% to 1,764,992 units last year, while PHEV sales surged by 72£ to ...

Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.

China’s SAIC expects its full-year profit to come in at between RMB 1.5 and RMB 1.9 billion in 2024, representing a plunge of between 87% and 90%, due to

Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.

A joint venture between China’s SAIC Motor Corp Ltd. and India’s JSW Group plans to roll out a plug-in hybrid car next year and has sought lower local taxes to lure price-conscious Indians to these greener vehicles.

Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.

MG has returned to the South African market after exiting the country in 2016. The former British brand belongs to Shanghai giant SAIC Motor, which acquired it in 2007.

Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce

The EU Commission had imposed duty rates on Chinese-made EVs in a bid to encourage domestic manufacturing. Tesla was subjected to the lowest rate of 7.8%, while other automakers such as SAIC Motor faced tariffs as high as 35%. These rates are in addition to a 10% standard import tariff.