The EV maker was reportedly among the companies found to have likely benefited from Chinese state subsidies during the evidence-gathering for the probe.
The European Union recently opened an anti-subsidy probe into Chinese EVs sold in Europe, with European Commission President Ursula von der Leyen arguing that Chinese EVs with"artificially low" prices enabled by"huge state subsidies" are distorting the EU market.adding that the competitive advantage of Chinese EVs is not due to subsidies.
Citing people familiar with the matter, the report notes that the US carmaker was among the companies found to have likely benefited from Chinese state subsidies during the evidence-gathering for the probe.The investigation will seek to determine whether China has subsidized Tesla and domestic manufacturers including BYD, SAIC Motor, and Nio – and to which degree. The unnamed sources said the EU will then take any necessary countermeasures to level the playing field for its auto industry.
Tesla has enjoyed preferential treatment in China compared to other foreign automakers, with the most notable being the state's permission to wholly own its domestic operations, rather than having to set up a joint venture with a local partner. Tesla has also benefited from tax breaks, cheap loans and other forms of assistance.
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