China will exempt, of 16, Model, models, vat

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

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

Reporting Yilei Sun, by John Ruwitch, and Beijing’s Monitoring Bureau; editing by Jason Neely

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