BEIJING: China and the European Union (EU) have held intensive consultations on hybrid and electric vehicle (EV) trade, seeking to address economic concerns and establish a more balanced trading relationship, China’s Ministry of Commerce said on Monday.
During the discussions, both sides agreed that export quotas for Chinese hybrid vehicles should not be lower than those allocated to other import sources. They also agreed that EU trade measures should not specifically target Chinese products or discriminate against Chinese companies.
China’s commerce ministry said the two sides had further agreed to adjust the 2025 hybrid vehicle export figures upward to support market opportunities and ensure stable growth for Chinese manufacturers.
The consultations come amid growing trade tensions over the increasing presence of Chinese vehicles in the European market. European officials have expressed concerns about the impact of rising imports on domestic manufacturers, while Beijing has called for fair treatment of its companies under international trade rules.
The talks form part of broader efforts by China and the EU to manage trade differences and strengthen economic cooperation. Both sides are seeking to address disputes over vehicle exports while maintaining dialogue on market access and other trade issues.
The outcome could influence the future of Chinese hybrid and electric vehicle exports to Europe, although further discussions will be needed to clarify implementation arrangements and the precise terms of the understanding.
The two sides have reiterated their commitment to handling trade differences within the framework of World Trade Organization rules.
By Reuters
