The Commission said it had conducted an investigation, including sending a team to Tesla’s facilities in China, to verify what subsidies the company had received. (Photo: Reuters)
The European Commission on Tuesday scaled back its proposed tariff on imports of China-made Tesla cars, while broadly maintaining other planned punitive duties it put in place in July on Chinese-made electric vehicles.
In the European Union’s highest-profile investigation into alleged Chinese subsidies, the Commission has issued a draft of the final findings of its anti-subsidy probe, prompting threats of retaliation from Beijing.
It set a new reduced rate of 9% for Tesla, lower than the 20.8% it had indicated in July.
Tesla had requested a recalculation of its tariff that would be based on the specific subsidies the company had received, according to the Commission.
The EU executive said on Tuesday it still believes Chinese electric vehicle production has benefited from extensive subsidies and proposed final tariffs of up to 36.3%. This is slightly lower than the provisional maximum tariff of 37.6% that the Commission had set in July for companies that did not cooperate with the EU’s anti-subsidy investigation.
Tesla was among the companies classified as cooperating with the EU investigation.
The Commission said it had conducted an investigation, including sending a team to Tesla’s facilities in China, to verify what subsidies the company had received.
A Commission official said Brussels had concluded that Tesla receives fewer subsidies from China, compared with Chinese electric vehicle producers that Brussels had investigated.
First published: August 20, 2024 | 16:09 IS
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