Daily Market Updates: EU-China hybrid car deal won’t really help European carmakers

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EU-China hybrid car deal won’t really help European carmakers

Reported · Written up by our desk · North America

Earlier this month, simmering trade tensions between the EU and China ease as the two sides reached an agreement in Beijing limiting hybrid car exports from China to an annual quota of 350,000 units. After the European Union imposed tariffs on fully electric cars from China in 2024, hybrid imports surged. The quota would result in more than a halving of the 800,000 hybrid cars expected to be sold this year, a figure which may soon exceed a million if unchecked. The quota would likely shift...

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SCMP EconomyEU-China hybrid car deal won’t really help European carmakers

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EU-China hybrid car deal won’t really help European carmakers

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