China holds intensive talks on hybrid, EV trade with EU

Business Recorder reported that China and the European Union held what the Chinese commerce ministry called intensive consultations on trade in hybrid and electric vehicles. The talks also covered efforts to balance economic and trade concerns, the ministry said in a statement on Monday.

On hybrid vehicles, both parties accepted that China's export quota must be no smaller than the allocations for other supplying countries. They further agreed that EU measures must not single out Chinese goods or put Chinese firms at a disadvantage.

The ministry added that both sides agreed to revise the 2025 hybrid export figure upward, with the stated aim of protecting prospects and steady expansion for Chinese businesses. The statement presented these commitments as a way to keep the trade relationship balanced.