European Union slashes planned tariffs on China-made Tesla EVs

The European Union on Tuesday said a planned tariff on Tesla vehicles being imported from China would be cut to 9% from 20.8%.

In June, the EU said it would slap higher tariffs on Chinese electric vehicle imports, which it found benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to EV producers in Europe.

The European Commission, the executive arm of the EU, announced a preliminary conclusion that the battery-electric vehicles value chain in China “benefits from unfair subsidisation” and pronounced that it is in the EU’s interest to impose “provisional countervailing duties” on BEV imports from China.

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—CNBC’s Sophie Kiderlin contributed to this article.