Car parked at Tesla dealership. Automaker Tesla released business data for the last quarter after deliveries fell.
Sebastian Gorno | Image Alliance | Getty Images
The European Union said on Tuesday that it plans to reduce tariffs on Tesla cars imported from China from 20.8% to 9%.
In June, the EU said it would impose higher tariffs on Chinese electric vehicle imports. The EU found that Chinese electric vehicles “have benefited significantly from unfair subsidies” and posed a “threat of economic harm” to European electric vehicle manufacturers.
The European Commission, the EU's executive agency, announced its preliminary conclusion that China's pure electric vehicle value chain “benefits from unfair subsidies” and stated that it is in the interests of the EU to impose “temporary countervailing duties” on the import of pure electric vehicles.
This is a breaking news story, please check back soon for more information.
—CNBC’s Sophie Kiderlin contributed to this article.