EU to Cap Chinese Hybrid-Vehicle Imports at 350,000 Units Annually, Official Says

The European Union is planning to limit Chinese hybrid and plug-in hybrid vehicle imports to 350,000 units per year over the next four years, aiming to reduce China’s market share in the bloc. This move reflects growing concerns over trade imbalances and the desire to bolster the EU’s own automotive industry, which is facing intense competition from cheaper Chinese imports. The decision underscores the EU's strategy to protect its domestic manufacturers while also navigating the complexities of global trade relations.