China to exempt Tesla cars from 10% purchase tax

BEIJING (Reuters) – China will exempt Tesla Inc’s (NASDAQ: TSLA) 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.

read more at https://www.streetinsider.com/Corporate+News/China+to+exempt+Tesla+cars+from+10%25+purchase+tax/15869851.html