Automundo China

European Union (EU) regulators are planning to reduce their proposed tariffs on Tesla (TSLA) electric vehicles built in and imported from China, among other Chinese EV makers like SAIC (600104.SS), Volvo parent company Geely (GELYF, 0175.HK), and BYD (BYD, 1211.HK). Tesla stock has ticked up in pre-market trading in response to this news. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

The European Commission said it conducted an investigation, including sending a team to Tesla facilities in China, to verify what subsidies the firm had received

For Tesla Inc., the 9% tariff is relatively welcome news, as it’s lower than what other manufacturers face.

BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla's 9 percent is well below the 20.8 percent indicated last month.

Tesla China saw 14,300 new vehicle registrations in the week of August 12-18, a 7.74% drop from the previous week's 15,500 registrations.

After EU inspections at Giga Shanghai, Tesla’s import duties were cut, making it easier for Tesla to compete in Europe.

The 9% tariff is much less than the up to 36.3% others face after investigation into Beijing’s ‘unfair’ subsidies of EVs

BYD and other Chinese OEMs active in Pakistan - a market seen as having good demand growth potential

Li Auto had 10,700 insurance registrations last week, Xpeng 2,300 and Zeekr 3,500.