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China agrees to curb hybrid-car exports to Europe, while lower tariffs could save EU exporters €225 million. EU leaders will review the deal next week.
BEIJING, Oct 12 (Reuters) - China and the European Union held "intensive consultations" on the trade of hybrid and electric vehicles, as well as efforts to balance economic and trade concerns, the
China and the EU have agreed to restrict exports of hybrid and plug-in hybrid cars. Over the next four years, shipments could be several million vehicles lower than previously forecast.