China agrees to curb hybrid car exports to EU in landmark deal
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
The EU has reached a first-of-its-kind deal with China to curb sales of Chinese hybrid cars in the bloc, the result of intense negotiations since June over a trade deficit of €1.18bn (£1bn) a day. Trade commissioner Maroš Šefčovič said the agreement opens the prospect of cutting China's hybrid exports by more than half, a reduction of several million plug-in and hybrid vehicles over four years. It is the first time Beijing has accepted to moderate exports without prior trade tension or a WTO investigation.
Continue in the app — vote & join in ➔Source: The Guardian World · via ahirlevel.hu