EU plans Chinese hybrid import curbs as test case for trade rebalancing, report says
The EU is preparing safeguard measures targeting Chinese hybrids, potentially using tariff-rate quotas to limit imports, according to Bloomberg.
The EU is preparing safeguard measures targeting Chinese hybrids, potentially using tariff-rate quotas to limit imports, according to Bloomberg.
China said the understanding complies with WTO rules; the EU trade commissioner said it includes halving hybrid vehicle exports to the bloc.
The commerce ministry said the arrangement allows growth from the 302,000 hybrid vehicles the EU imported from China in 2025.
The export VAT rebate rate for NEVs will fall from 13% to 9% starting April 1, 2027.
BYD exported 174,277 NEVs in September, down 5.2% from August, with its share falling 4.3 percentage points.
BYD exported 183,746 NEVs in August, with its share rising 3.2 percentage points from July.
The EU is seeking a negotiated deal to limit imports of China-made hybrids and may raise tariffs if no agreement is reached.
China’s commerce ministry rejected voluntary export restrictions on hybrids, saying any solution between China and the EU must comply with WTO rules.
Chinese automakers could capture 11% of annual US new car sales by 2038 if allowed into the market, according to Mobility Global.
The EU is seeking a negotiated deal to limit imports of China-made hybrids and may raise tariffs if no agreement is reached.