China says it reaches ‘understanding’ with EU on hybrid cars
The 16-point agreement also sets March talks on broader trade issues, as both sides seek relief from rising trade imbalances and export curbs.
- On Friday in Beijing, European Union and China negotiators "reached an understanding" on trade in hybrid electric vehicles following two days of marathon talks aimed at easing escalating tensions between the two major economies.
- Trade tensions have intensified as the European Union's trade deficit with China widened to about $116 billion in the April-July quarter, while China's global trade surplus hit $1.2 trillion in 2025.
- Beijing is "willing to continue" fast-tracking licenses for rare earth mineral exports to Europe, though both sides weigh import curbs including China's recent anti-dumping investigation into European p-nitrotoluene.
- EU trade chief Maros Sefcovic, who met with Chinese Commerce Minister Wang Wentao and Vice-Premier Lifeng, emphasized that negotiations must deliver "tangible outcomes" to rebalance trade between China and the European Union.
- The joint agreement outlines deliverables from this round of talks, with the Chinese Commerce Ministry stating that negotiations on reducing tariffs and creating minimum price deals will resume in March next year.
26 Articles
26 Articles
Does China flood the European market with cheap hybrid vehicles? This has long been the accusation of domestic manufacturers. Now there could be a deal.
(Seoul = Yonhap News) Reporter Kwon Sook-hee = China announced on the 9th that it has reached an agreement on hybrid car trade issues through trade negotiations with the European Union (EU).
Trade officials from China and the European Union (EU) agreed on Friday to step up trade talks. China's Commerce Ministry said in a joint statement that Beijing would facilitate exports of rare earth metals and magnets to the EU.
Breaking | China and EU reach ‘understanding’ on hybrid vehicles after crunch trade talks
The European Union and China “reached an understanding” on trade in hybrid electric vehicles during marathon negotiations in Beijing on Friday, China’s commerce ministry said in a statement. Beijing is “willing to continue” fast-tracking licenses for rare earth mineral exports to Europe, while the sides will continue negotiations on reducing tariffs and creating minimum price deals that would allow Chinese electric vehicles to enter the EU marke…
The EU and China agree on a first step towards relaxing trade relations during a visit by Trade Commissioner Sefcovic to Beijing.
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