Beijing and Brussels reform hybrid export quotas

China and the European Union have reached an agreement regarding the adjustment of hybrid car export quotas, aimed at supporting the stable growth of Chinese companies and providing European business opportunities. The agreement includes an increase in the export target for hybrid vehicles in 2025 and guarantees that European measures will not discriminate against Chinese companies, while committing that China’s share will not fall below the quotas granted to other imports. This step comes as part of an effort to prevent the escalation of trade disputes related to electric and hybrid vehicles, amidst European actions such as imposing additional tariffs on Chinese cars and agreements to reduce exports, all in an effort to protect the European sector's interests from Chinese competition.

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