European Union to Restrict Chinese Hybrid Cars Imports to 3,50,000 per Year, Says Report
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31 Articles
A bilateral agreement between Brussels and Beijing will reduce exports of Chinese hybrid vehicles to the European market by more than half.
Brussels and Beijing have agreed on an import quota of 350,000 hybrid cars that can be imported from China to the EU per year. This was reported by a senior EU official on Monday in an explanation of the deal concluded last Friday by European Commissioner Maroš Šefčovič (Trade) and Chinese Trade Minister Wang Wentao.
The current Chinese imports are to be reduced by half, which is the clear goal in Brussels.
This deal is also intended to reduce the pressure on Germany's car manufacturers: EU and China had recently agreed on a compromise for the imports of hybrid cars. Brussels is now presenting concrete figures.
Reformatorisch Dagblad
welingelichtekringen.nlBrussels and Beijing have agreed on an import quota of 350,000 hybrid cars that may be imported from China to the EU annually. A senior EU official reported this on Monday in an explanation of the deal concluded last Friday by European Commissioner Maroš Šefčovič (Trade) and Chinese Minister of Commerce Wang Wentao.
"This will reduce current exports to the EU by more than half, which is expected to reach 800,000 vehicles by 2026," said one European official.
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