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УНН Economy ✎ China and the EU have reached a preliminary agreement to limit supplies of Chinese hybrids. The new measures could take effect on December 1.
The EU will cap Chinese hybrid vehicle imports at 350,000 units a year, but local production in Europe may blunt the impact.
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.