EU Pressures China on Hybrid Export Limits
- On Thursday, the European Union asked China to voluntarily restrict hybrid vehicle exports to around 15% of the EU market, the Financial Times reported, as part of efforts to prevent a trade war.
- European Commission President Ursula von der Leyen said Wednesday the bloc faces an "unsustainable" trade deficit, which hit €360.6 billion last year and widened by 9% in the first half of this year.
- Von der Leyen warned that Europe faces a second "China shock" through overcapacity in chemicals, batteries, and vehicles, with the E.U. reporting a daily €1 billion trade deficit.
- European Trade Commissioner Maros Sefcovic is leading negotiations to address the trade gap, aiming for tangible results by October and planning a visit to China early next month.
- Beijing rejects the criticism, arguing that concerns over economic imbalances are protectionist efforts aimed at constraining China rather than legitimate responses to excess capacity.
81 Articles
81 Articles
The EU wants Beijing to limit sales of Chinese hybrid vehicles to around 15% of the EU market. The post EU – China: Europe calls for a restriction on Chinese hybrid cars appeared first on in.gr.
Europe has been putting barriers on the Chinese electric car for almost two years. And in the meantime, through the door next door, something else has slipped. Hybrids made in China have entered the European market almost without opposition, because the measures of 2024 left them out. Now the European Union has asked Beijing ... Continue reading "Brussels wants to put a stop to the "colleague" of Chinese hybrids and asks Beijing to limit its sal…
The Twenty-Seven want China to limit its exports of hybrid vehicles to the EU on its own, under penalty. To circumvent taxes on electric cars, Chinese manufacturers have focused on these models.The massive arrival of Chinese cars on the European market has been causing tensions between Beijing and Brussels for several years now. The introduction of additional tariffs in October 2024 on electric vehicles produced in China (variable according to m…
<p>EU urges China to voluntarily restrict hybrid car exports to avoid trade war Brussels has urged Beijing to voluntarily limit hybrid exports to 15% of the EU market. Otherwise, the bloc may impose its own restrictions</p>.
The European Union has called for China to voluntarily restrict exports of hybrid vehicles as part of its efforts to contain a trade war, said the Financial Times. Brussels wants Beijing to set a ceiling for sales of Chinese hybrids around 15% of the EU market, said the newspaper, quoting people in the news of the negotiations. If they do not limit their exports to our market, we will do so, said an EU authority in a declaration to the FT. The i…
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