Tesla's Shanghai Factory Visit by EU Inspectors Could Benefit Export to EU

Benzinga
Benzinga
  • 2 months ago
EU inspectors visited Tesla's Shanghai factory last week, which could help Tesla receive lower individual import duties on cars exported from China to the EU. Tesla is the leading exporter of EVs from China to the EU and successfully applied for and received individual treatment in the European Commission's anti-subsidy investigation. Receiving an individual duty rate could mean Tesla pays less than the average 21% charged to most Chinese EV makers. Tesla is currently the largest EV exporter from China to the EU.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02EU inspectors visited Tesla's Shanghai factory last week, which could help Tesla receive
00:07lower individual import duties on cars exported from China to the EU. Tesla is a leading exporter
00:13of EVs from China to the EU and successfully applied for and received individual treatment
00:19in the European Commission's anti-subsidy investigation. Receiving an individual duty
00:24rate could mean that Tesla pays a lower duty than the average 21% that's charged to most EV
00:29makers from China. Tesla is currently the largest EV exporter from China.
00:33For all things money, visit Benzinga.com.

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