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China releases Tesla vehicles from Reuters sales tax

PEKING (Reuters) – China releases Tesla Inc. (O 🙂 Electric Vehicles (EV) from sales tax, the Ministry of Industry and Information Technology (MIIT) said on its website.

China currently charges 10%. Sales tax on the sale of each vehicle. As a result of this move, the cost of purchasing a Tesla car could be reduced by up to 99,000 yuan ($ 13,957.82), according to a post on Tesla's WeChat social account. 19659002] Sixteen variants – all Tesla models sold in the country ̵

1; are listed in the document issued by MIIT, including models S, X and 3. There was no reason given for the decision to exempt the vehicles from the tax.

The US manufacturer of electric vehicles is building a plant in Shanghai, the company's first factory overseas.

Production is scheduled to start later this year, and Tesla has announced that it will be able to build 3,000 Model 3 vehicles per week in the early days.

The plant is expected to have an annual production capacity of 250,000 vehicles after launching the production of the Y model.

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