China, EU reach hybrid-car export understanding
AI-generated briefing · First published
China and the EU agreed to limit hybrid-vehicle exports in a WTO-consistent deal reached at their second trade talks in Beijing.
China and the EU reached an understanding on hybrid-car trade during the second meeting of their trade and investment consultation mechanism held in Beijing on 8-9 October, according to joint statements released by both sides. [1] [2] [3] [4] [5]
EU Trade Commissioner Maros Sefcovic said the deal could roughly halve Chinese hybrid shipments to Europe over four years; China also offered $252 million in tariff concessions and agreed to ease rare-earth export licensing. [4] [5]
The two sides will hold a ministerial video conference in January and convene the mechanism’s third meeting in March 2027. [2]
Sources
- China and EU reach ‘understanding’ on hybrid cars, Beijing says
Financial Times · · Summary only
- 商务部:中欧双方以符合世贸组织规则的方式就混动汽车贸易达成谅解
ITHome · · Summary only
- 中欧贸易投资磋商成果:混动汽车、稀土出口是看点
DW Chinese · · Full text
- China and Europe Agree to Deal to Limit Chinese Exports of Hybrid Cars
NY Times · · Summary only
- 欧盟称与中国达成谅解 中国混动车对欧出口有望减半
RFI Chinese · · Full text