Business · Trade · 2 hrs ago

China agrees to curb hybrid exports to the EU amid trade tensions

China agrees to curb hybrid exports to the EU amid trade tensions

China and the European Union have agreed to curb exports of Chinese hybrid vehicles to the bloc.

Chinese automakers have increasingly turned to plug-in hybrids since the EU added tariffs on Chinese-made electric cars in 2024.

The shift has helped build a Chinese hybrid vehicle business in the EU valued at $7.5 billion, according to the headline.

China is hoping the agreement will help it avoid tougher EU trade restrictions.

The deal is a gesture, and it is not expected to reshape the wider trade relationship soon.

The agreement concerns hybrid vehicle exports, but the available information gives no details on how the curbs will work.

Sources

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