CIMC Vehicles (301039.SZ) issued an announcement. The company received it from the US on April 25, 2024, US time...
According to the Zhitong Finance App, CIMC Vehicle (301039.SZ) issued an announcement. The company received a notice from the US Customs and Border Protection regarding the investigation results of this “Enforcement and Protection Law” on April 25, 2024, US time. According to on-site verification and all recorded materials of this “Enforcement and Protection Act” investigation, the US Customs and Border Protection determined that there was no substantial evidence that the company's wholly-owned subsidiary CIMC Intermodal Equipment, LLC (“CIE”) evaded US anti-dumping duties (AD) and countervailing duties (CVD), that is, it determined that CIE did not import products containing skeleton vehicles from China and/or their components into the US market; and the US Customs and Border Protection determined that there was no substantial evidence that the company's wholly-owned subsidiary in Thailand DS Manufacturing Co., Ltd. has circumvented the transfer of skeleton cars and skeleton truck components originating in China through Thailand and exporting them to the US.
The company stated that the Group has always carried out the global semi-trailer business in accordance with the principle of fair competition, is committed to providing high-quality products and services to the Group's global customers, and will continue to attach great importance to and pay attention to the healthy development of the industry in the countries and regions where the Group's customers are located. The findings of this “Enforcement and Protection Law” investigation will facilitate the normal production and operation of CIE and promote the steady development of the company's North American business after returning to normalization.