Breaking News

Elgato Puts Premium Seating Within Reach ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors Synology Releases DiskStation Manager 7.3 Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors Elgato Debuts Supersized Prompter XL for Studio Use

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Tesla Excluded From China’s 10% Tax on Car Sales

Tesla Excluded From China’s 10% Tax on Car Sales

Enterprise & IT Aug 30,2019 0

Tesla won exemption from a 10% purchase tax on the vehicles it sells in China, despite trade tensions between the country and the U.S.

The exemption, which typically is reserved for domestic makers of electric vehicles, affects all Tesla models sold in China, the nation’s industry ministry said Friday on its website.

China’s move comes amid heightened uncertainty as to where the trade war between the two countries is headed. A week ago, President Donald Trump ordered U.S. companies to immediately begin looking for alternatives to China, only to later suggest that tensions were cooling.

The exemption also sends a signal that the Chinese auto market -- the world’s biggest -- is opening to competition.

Tesla is building a new factory in China.

The sales-tax reprieve could partially offset retaliatory tariffs that may be put on Tesla and other U.S.-built cars later this year. China announced last week that it would increase tariffs on American autos by 25 percentage points to 40% on Dec. 15, in reaction to new levies the Trump administration plans on Chinese exports.

Tesla currently imports all of the cars it sells in China but plans to make the popular Model 3 at the new plant starting late this year. The company on Friday raised prices in China as trade tensions weigh on the country’s currency.

Tags: tesla
Previous Post
Twitter Says CEO Dorsey’s Account Was Hacked
Next Post
LITE-ON Technology Approves the Transfer of its Solid State Drives Business to Toshiba Memory

Related Posts

  • Tesla Develops New Low-cost, Long-life Battery for Electric Cars: report

  • Tesla Sues California County in Virus Factory Closure Fight

  • Tesla Delays The Release of Roadster Sports Car

  • Tesla Applies For an Electricity Provider License in the U.K.: report

  • Tesla Reports Profit in Q1

  • Tesla Engineers Design Ventilator Prototype

  • Tesla Suspends Production at U.S. Car Factory

  • Sharp Sues Tesla Over Violation of Communication Tech Patents

Latest News

Elgato Puts Premium Seating Within Reach
Consumer Electronics

Elgato Puts Premium Seating Within Reach

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors
Cooling Systems

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors

Synology Releases DiskStation Manager 7.3
Enterprise & IT

Synology Releases DiskStation Manager 7.3

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors
Enterprise & IT

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors

Elgato Debuts Supersized Prompter XL for Studio Use
Consumer Electronics

Elgato Debuts Supersized Prompter XL for Studio Use

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed