On the afternoon of the 23rd, the Shanghai Municipal Price Bureau issued a penalty decision on the price monopoly of SAIC General Motors Sales Co., Ltd., and reached a monopoly agreement with SAIC-GM and its dealers to limit the minimum selling price of Cadillac SRX, Chevrolet Chuang Cool, Buick New Yinglang and other models. The price monopoly act makes administrative punishment according to law. SAIC GM was ordered to immediately stop the illegal activities and impose a fine of 4% on the sales of the products involved in the previous year, totaling RMB 201 million.
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