China and the European Union have reached an agreement aimed at significantly reducing the export of Chinese-made hybrid vehicles to Europe. The deal follows concerns over market disruption and competition from Chinese automakers flooding European markets. Under the terms, China will limit its hybrid vehicle exports to the EU, addressing trade tensions while allowing both sides to maintain economic ties. The move comes as part of broader efforts to balance trade flows between the two economic powers.
China, EU strike deal to cut Chinese hybrid vehicle exports by over half Reuters
