Beijing and Brussels have reached a mutual agreement aimed at curbing the volume of Chinese hybrid vehicle exports entering the European market. This arrangement, described as a shared understanding, is designed to moderate trade flows between the two regions. Projections indicate that the deal will result in a reduction of several million hybrid car imports over the course of the next four years. This strategic move marks a notable shift in the automotive trade relationship between China and the European Union, focusing on balancing market access and supply levels for hybrid technology.
Source : The Japan Times
Photo : The Japan Times
Aussi couvert par : Malay Mail
