China Agrees To Reduce Its Exports Of Hybrid Vehicles To The EU

(MENAFN- Investor Brand Network) The yawning trade gap between China and the European Union has produced its first concrete diplomatic response, with European Trade Commissioner Maros Sefcovic announcing a deal in Beijing on Friday that would reduce projected Chinese hybrid and plug-in hybrid shipments to the bloc by over half during a four-year window.

For North American EV manufacturers like Lucid Motors (NASDAQ: LCID), the steps being taken by Brussels to protect the auto industry in the EU are...

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