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Blocking Million Hybrids
- Beijing hosted the EU and China agreement on 9 Oct 2026 to halve Chinese exports of hybrid and plug-in hybrid vehicles to the EU.
- EU officials framed the pact as a step to rebalance a daily trade deficit exceeding €1 billion.
- Šefcovic said the deal will block million hybrid cars over four years, without enforcement details.
- China will cut duties on €4 billion of exports, opening a green channel for rare-earth/magnet licences.
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