EU agrees 350,000-a-year quota on Chinese hybrid imports
The EU and China have reached a preliminary understanding that would cap Chinese hybrid-car imports at 350,000 a year, with the quota rising by 6% annually, Reuters reports. The deal also covers access to rare earths and permanent magnets, while Chinese automakers are pressing ahead with plans for European production as the bloc debates local-content rules.
Bottom line — The quota is due to last four years; Changan aims to produce 180,000 cars a year in Europe by 2028.
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Reuters reports the quota could begin in early December; EU leaders are due to discuss the deal at a Brussels summit.
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The European Commission estimates Chinese plug-in hybrid imports could reach about 800,000 vehicles this year, according to AzerNews.
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Reuters says Changan hopes to build its first vehicle in Europe in early 2027 and is speaking with European suppliers and automakers.
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Xpeng plans to add European production capacity; Magna already builds its electric vehicles in Austria, Reuters reports.
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Reuters says the EU's proposed Made in Europe rules remain unsettled, including which non-EU countries would qualify.
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The Guardian reports UK Business Secretary Jonathan Reynolds rejected calls for British tariffs on Chinese vehicles, arguing UK trade decisions should be based on UK interests.