Chinese EV maker MG Motors says new French subsidy rules likely to impact sales

PARIS (Reuters) – Electric vehicle brand MG Motors, owned by China’s SAIC, expects new French subsidy rules to weigh on future vehicle sales in the country, a spokesperson for the group said on Thursday.

France’s revamped rules on consumer cash incentives for electric car purchases favour vehicles made in France and Europe over models manufactured in China, a government list of eligible car types showed. SAIC’s MG4 is not part of the list of subsidised cars.

The MG Motors spokesperson said the firm chose not to apply for subsidies for the model given criteria and deadlines imposed by the French governments.

(Reporting by Gilles Guillaume, Tassilo Hummel)