A report surfaced that the EU is looking at its exports of Chinese EVs and that probe could result in fines.
Tesla has likely benefited from China subsidies, a European Union investigation has reportedly found, and that could mean fines for the EV maker or other measures to level the playing field.
The revelation about Tesla was unearthed during evidence gathering ahead of the announcement of the surprise probe made public by European Commission President Ursula von der Leyen on Sept. 13, Bloomberg reported, citing sources. Citing Schmidt Automotive Research, Bloomberg reported that Tesla sold 93,700 EVs in Western Europe that were made in China, around 47% of total deliveries. Among Tesla’s exclusive China perks include whole ownership of domestic operations, along with tax cuts and cheaper loans.
While countries such as France have been pushing for the EU to get tougher on China, Germany is among those that are more concerned about upsetting the global growth engine. France, Spain and Italy are all vying for a Tesla factory. Gigafactory Berlin-Brandenburg, which opened in 2019, was Tesla’s first manufacturing location in Europe. Turkey also wants a Tesla factory.
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