China and the European Union have struck an agreement aimed at easing tensions over China’s rapidly growing electric vehicle exports to Europe. The deal focuses on measures to "moderate" the volume of Chinese-made cars entering the EU market, addressing concerns over market disruption and trade imbalances. Both sides have emphasized a commitment to maintaining fair competition while fostering cooperation in the automotive sector. The framework includes discussions on technical standards, market access, and potential safeguards to prevent flooding of the EU market with cheaper vehicles.
China, EU reach deal to 'moderate' China's car exports to EU DW.com
