In the highest profile European Union probe of alleged Chinese subsidies, the Commission issued draft definitive findings of its anti-subsidy investigation, which has provoked threats of retaliation from Beijing.
It set a new reduced rate of 9 per cent for Tesla, lower than the 20.8 per cent it had indicated in July.
Tesla had requested a recalculation of its rate to be based on the specific subsidies the company had received, according to the Commission.
This story is from the August 21, 2024 edition of Business Standard.
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This story is from the August 21, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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