It's ridiculous, SAIC was taxed by the EU to 48.1%, and the Europeans are the biggest fears because of SAIC MG's export volume, right? In recent years, the rise of Chinese auto brands in the international market is obvious to all, especially SAIC, which has successfully opened the door to the European market with its excellent product performance and technological innovation. However, it has also upset some of the traditional automotive powers. On June 12, 2024, the European Union announced that it would impose temporary tariffs on China's new energy vehicles from July 4, of which the SAIC MG brand will need to pay an additional 38.1% tariff, bringing the total tariff to 48.1%. This measure not only violates the principles of a market economy, but may also adversely affect the stability of the global automotive industry chain.
SAIC's success in the European market depends on its unremitting technological innovation and market development. SAIC's MG brand has performed well in the past few years, not only achieving the No. 1 position in the European market, but also winning the trust of consumers. In 2023, SAIC Motor's global model, the MG4 EV, will become the champion of China's new energy vehicle exports, with sales exceeding 100,000 units in the European market. This achievement has undoubtedly aroused the alarm of local European car companies, forcing them to adopt the means of imposing high tariffs to curb the development of SAIC.
SAIC Motor not only excels in terms of sales, but also its technical prowess. According to the certificate issued by the Shanghai Motor Vehicle Testing and Certification Technology Research Center, the highest indicated thermal efficiency announced by SAIC engineers is 48.1%. This technological achievement not only represents the leading level of domestic counterparts, but also means that SAIC occupies a favorable position in the technological competition of the global automobile industry. By improving fuel economy and reducing environmental pollution, SAIC's technological innovation is in line with the trend of the global automotive industry to go green.
In addition to the MG brand, SAIC's Roewe brand has also shown strong market competitiveness. As the first hybrid SUV model of the "D family", the Roewe D5X DMH entered the market with the positioning of "the strongest hybrid SUV in the 100,000 class". In the actual test conducted on Hainan Island at the beginning of this year, the Roewe D5X DMH set a new record for the comprehensive cruising range of a Chinese brand hybrid SUV with a real comprehensive range of 1621km and an average fuel consumption of 3.8L per 100km. In addition, the model has also passed three devil-level crash tests developed by CAIC, perfectly demonstrating its all-round safety performance such as active safety, passive safety, battery safety and body safety, and won the "TOP Safety 2024 Safety Collision Challenge Certificate".
Despite the challenge of high tariffs from the European Union, SAIC Motor has not backed down. SAIC Motor said that it will continue to maintain open communication and cooperation with global partners, and take all necessary legal and commercial measures to protect its legitimate rights and interests and the interests of global customers. At the same time, the company also called on the European Commission to carefully consider its decision and engage in constructive dialogue with global automotive industry partners, including China, to find solutions that promote fair competition and sustainable development.