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China holds intensive talks on hybrid, EV trade with EU
Jefferies said BYD, Chery and SAIC’s MG brand account for 90% of Chinese hybrid sales in the EU.
- On Monday, the European Union and China announced a trade deal that could cut Chinese hybrid imports to the bloc by more than 50%, days before the Paris car show began.
- With car sales in China falling 20% in the first half of 2026 and the US market effectively closed to Chinese automakers, Europe has become their top export priority.
- European and Chinese automakers unveiled 60 new models at the Paris car show on Monday, with Chinese brands doubling their presence since 2024 as Stellantis CEO Antonio Filosa promised attendees they would "witness the reinvention of a European icon."
- A Jefferies note issued Sunday warned the agreement could hit BYD, Chery, and SAIC's MG brand hardest, as these firms accounted for 90% of Chinese-brand hybrid sales in the European Union.
- International Organisation of Motor Vehicle Manufacturers secretary general Francois Roudier warned, "IF THEY DROP EXPORTS THEY DIE," as the European Commission works on 'Made in Europe' legislation mandating minimum local content in electric vehicles.
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5 Articles
China holds intensive talks on hybrid, EV trade with EU
China and the European Union held "intensive consultations" on the trade of hybrid and electric vehicles, as well as efforts to balance economic and trade concerns, the commerce ministry said on Monday.
·London, United Kingdom
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Total News Sources5
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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