China will exempt 16 Tesla models from purchase tax

FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

BEIJING (Reuters) – China will exempt 16 Tesla Inc (TSLA.O) electric vehicle (EV) models from purchase tax, the Ministry of Industry and Information Technology said in a statement on its website.

Reporting by Yilei Sun, John Ruwitch and Beijing Monitoring Desk; editing by Jason Neely

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