EU and China strike deal to curb hybrid car imports from Beijing
The European Union and China have reached a bilateral agreement that will limit the number of hybrid and plug-in hybrid vehicles China can export to the EU.
After two days of intensive talks in Beijing, the European Union secured a pact with China to restrict the influx of hybrid and plug-in hybrid automobiles destined for Europe. Trade Commissioner Maroš Šefčovič disclosed that Beijing agreed to scale back shipments, a move that could halt the arrival of millions of units over a four-year period and slash current export levels by over fifty percent. The agreement aims to address concerns that cheap Chinese vehicles are eroding EU automotive jobs and market share.
While the parties highlighted the significance of the compromise, they did not provide exact quota numbers. China welcomed the outcome, describing it as a step that avoids escalation and opens a new chapter in EU-China trade relations.
Why it matters
Limiting Chinese hybrid car imports protects EU auto jobs and balances trade between the bloc and China.
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