Car parked at Tesla dealership. Automaker Tesla released business data for the last quarter after deliveries fell.
Sebastian Gorno | Image Alliance | Getty Images
The European Union said on Tuesday it planned to lower tariffs on Tesla cars imported from China from 20.8% to 9%, and also lowered multiple planned import tariffs on other Chinese electric vehicle companies.
In June, the EU said it would impose higher tariffs on Chinese electric vehicle imports. The EU found that Chinese electric vehicles “have benefited significantly from unfair subsidies” and posed a “threat of economic harm” to European electric vehicle manufacturers.
The European Commission, the EU’s executive agency, announced its preliminary conclusion that China’s pure electric vehicle value chain “benefited from unfair subsidies” and stated that it was in the interest of the EU to impose “temporary countervailing duties” on the import of pure electric vehicles.
This is a breaking news story, please check back soon for more information.
—CNBC’s Sophie Kiderlin contributed to this article.
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