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China holds intensive talks on hybrid, EV trade with EU
The deal could cut Chinese hybrid imports by more than half as 20 Chinese brands expand their European push, Jefferies said.
- On Monday, the European Union and China held "intensive consultations" on hybrid and electric vehicle trade, announcing a deal that could cut Chinese hybrid imports to the bloc by more than half.
- Following the European Union's October 2024 tariffs on Chinese electric vehicles, a 20% decline in Chinese domestic car sales during early 2026 forced automakers to prioritize European exports as their top market.
- A Jefferies client note indicates the agreement disproportionately impacts BYD, Chery, and SAIC's MG brand, which together accounted for 90% of Chinese-brand hybrid sales in the European Union during the first eight months of 2026.
- Stellantis CEO Antonio Filosa promised attendees they would "witness the reinvention of a European icon" with a retro Citroen 2CV, while Geely Auto plans electric SUV production in Spain to address potential 'Made in Europe' requirements.
- Francois Roudier, secretary general of the International Organisation of Motor Vehicle Manufacturers, warned that "IF THEY DROP EXPORTS THEY DIE," emphasizing Chinese automakers' dependence on European revenue to sustain operations.
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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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Coverage Details
Total News Sources7
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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