The European Commission announced a relaxation of customs duties for Tesla vehicles imported from China, lowering the rate to 9%, from the 20. 8% initially recommended in July. Tesla had asked for a recalculation of the rate based on express subsidies obtained through the company.
The Commission continues to claim that Chinese electric vehicle production largely benefits from state subsidies and proposes final projects of up to 36. 3%. This is down from the initial maximum of 37. 6% for non-cooperating companies set earlier this year.
An investigation, which included a tour of Tesla’s facilities in China, found that Tesla receives fewer subsidies than other Chinese EV producers. The Commission’s findings also mean that some Chinese corporations involved in joint ventures with European car brands would possibly be eligible for lower tariffs. higher than expected rates.
(With agencies. )