1 of 1
Story summary
- EU and China reached a landmark deal to halve hybrid car sales in the EU.
- Trade commissioner Maroš Šefcovic said the agreement could cut Chinese hybrid exports by several million vehicles over four years.
- The deal targets a daily EU trade deficit of €1.18bn, which has heightened bilateral tensions.
- China agreed to price-undertaking procedures that may raise minimum prices for its hybrid cars in Europe.