China has struck a deal with the European Union to significantly reduce its exports of hybrid electric vehicles, marking a major shift in trade tensions between the two economic powers. The agreement aims to address concerns over market disruption and unfair competition in the EU’s automotive sector. Under the terms, China commits to cutting its hybrid car shipments to Europe by half, a move that could ease pressure on local manufacturers. The deal also includes broader discussions on industrial subsidies and green technology standards, signaling deeper cooperation in clean energy policies.
China agrees to ‘halve’ hybrid car exports to EU in landmark deal The Guardian
