EU deal with China limits imports of hybrid electric vehicles
Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3% Business live – latest updates VW boss…
The Guardian reports: Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3% Business live – latest updates VW boss backs EU plan to bolster domestic industry The EU is to limit the number of hybrid electrical vehicles imported from China to 350,000 cars a year, the European Commission has confirmed.
This business story centres on China. Names and organisations mentioned in the coverage include EU, Brussels and WTO.
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Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- China · Asia
- Reported by
- The Guardian
- First reported
- Key names
- EU, Brussels, WTO, Chinese
- Section
- Business
- Figure cited
- Imports have been soaring in the last two years with about 800,000 battery and plug-in hybrids likely to be sold this year. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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