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China announced on Monday that it will cut the value-added tax (VAT) export rebate rate for new energy vehicles (NEVs) to 9 percent from 13 percent starting April 1, 2027.
Tesla's China retail sales are down 12% this year while Giga Shanghai exports doubled. Now Beijing is cutting the EV export tax rebate in April 2027.
The export VAT rebate rate for NEVs will fall from 13% to 9% starting April 1, 2027.