The European Union is set to introduce strict new limits on imports of Chinese-made hybrid electric vehicles, capping annual shipments at 350,000 units. The move comes as part of broader efforts to address concerns over market flooding and potential distortions in the EU’s automotive sector. Authorities are also preparing to investigate whether Chinese subsidies for electric vehicle production may be undermining fair competition. The decision follows rising tensions over trade policies between the EU and China in the clean energy vehicle market.
EU to Cap Chinese Hybrid Car Imports at 350,000 Each Year Bloomberg.com
