China to exempt Tesla cars from 10 percent purchase tax

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China to exempt Tesla cars from 10 percent purchase tax

Ministry of Industry and Information Technology (MIIT) concession amidst trade tensions.

China will exempt Tesla Inc's electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States. Tesla sees China as one of its most important, growing markets, and the exemption from ...

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