China and EU agree to limit Chinese hybrid vehicle exports
After two days of talks in Beijing, China and the EU reached a deal that the EU says could roughly halve Chinese hybrid vehicle shipments to Europe within four years.
China and the European Union have agreed to limit Chinese exports of hybrid vehicles to Europe. The EU said the deal could roughly halve shipments of hybrids from China over the next four years, according to The New York Times.
The agreement followed two days of talks in Beijing between Maroš Sefčovič, Europe's trade chief, and Wang Wentao, China's Commerce Minister. CNBC reports that Sefčovič described the talks as a positive first step.
The New York Times reports the deal also could lead to an even stronger Chinese auto industry. It describes the agreement as a step back from a trade war. CNBC's headline says the two sides agreed to cut the exports by half.
Reported by
- CNBCChina and Europe agree to cut Chinese hybrid vehicle exports by halfFri, Oct 9, 11:03 AM EDT
- The New York TimesChina and Europe Step Back From Trade War With Limits on Chinese Car ExportsFri, Oct 9, 11:39 AM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.