The European Union has secured new protections for its hybrid vehicle industry through a trade agreement, shielding domestic manufacturers from surging Chinese imports. The deal introduces measures to prevent market flooding while maintaining access to Chinese electric vehicle components. Industry officials warn that unchecked competition could disrupt Europe’s transition to cleaner transport. Analysts suggest the move balances trade relations with strategic economic safeguards.
EU ‘safeguards’ hybrid car sector from Chinese imports under new deal Financial Times