The Latest Breaking News from SAIC

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.65% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 2.97%.

More than 1.32 million new passenger plug-in electric cars were registered globally in May. The market share amounted to roughly 20%.

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

The tariffs are aimed at countering the alleged state support handed to China’s car manufacturing industry

The European Union is moving to hike tariffs on electric vehicles made in China

The European Union will follow the U.S. and impose tariffs on Chinese electric vehicles to defend its industry from "unfair subsidization."

The EU has escalated its trade war with China after placing prohibitive import tariffs on carmakers including BYD and Geely.

1,221,181 new passenger plug-in electric cars were registered globally in April. The market share amounted to roughly 18% (compared to 16% a year ago).

Science Applications International (SAIC) reported strong financial results in the recently reported quarter. SAIC’s diverse portfolio, defense contracts with prestigious government organizations, strategic acquisitions, and technological innovation are key drivers of the company’s ongoing growth and success. So, should you buy this stock after its earnings? Read more to find…