Trade with hybrid cars: China sees agreement with the EU
The European Union and China have agreed on the controversial trade issue of hybrid cars, according to information from Beijing. The agreement is "in line with the rules of the World Trade Organization" and concerns, among other things, "price commitments by companies," the Chinese Ministry of Commerce stated today.
EU Trade Commissioner Maros Sefcovic is currently in talks in Beijing. Trade relations between Beijing and Brussels are currently tense. The EU accuses China of deliberately fueling its enormous export surplus to the bloc with state aid.
The EU imposed penalties on electric cars from China in 2024 and justified them with unfair state aid from Beijing. Since then, Chinese manufacturers have sold more hybrid cars to Europe.
The Chinese Ministry of Commerce has so far rejected a voluntary waiver of part of its exports.
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