SHANGHAI (Reuters) - Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla's cars have been made eligible for government purchases in China, the Paper added....

LONDON (Reuters) -Oil prices edged lower on Thursday, retreating from the previous session's multi-month highs, with investors taking profits as demand caution remained in focus despite last week's decline in U.S. inventories. Brent crude futures were down 43 cents, or 0.49%, at $86.91 a barrel by 0855 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 49 cents, or...

BRUSSELS, July 4 (Reuters) - EU regulators will impose provisional duties on Chinese-made electric vehicles (EVs) imported into the European Union from Friday, without backdating, they said, risking retaliation from Beijing. The European Commission, which oversees EU trade policy, announced duties of between 17.4% and 37.6%, almost the same as those disclosed in June. The executive made adjustments after companies...

BRUSSELS (Reuters) - The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said on Thursday, ratcheting up trade tension with Beijing. There is however a four-month window during which the tariffs are only provisional and intensive talks are expected to continue between the two sides. The European...