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A four-point reduction in value-added tax export refunds will squeeze roughly 5,000 yuan per car from automaker margins starting April 2027.
The European Union and China agreed to halve exports of Chinese plug-in hybrid vehicles to the EU over the next four years. In return, China will cut tariffs on some European products and keep export licensing procedures for rare earths and permanent magnets to the EU running smoothly. The deal follows EU tariffs on…
China and the E.U. agreed to limit Chinese hybrid car exports. Over four years, fewer than half as many are set to arrive as projected.