EU to limit Chinese hybrid vehicle imports to 350,000 a year
Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3% Business live – latest updates VW boss backs EU plan to bolster domestic industry The EU is to limit the number of hybrid electrical vehicles imported from China to 350,000 cars a year, the European Commission has confirmed.
Imports have been soaring in the last two years with about 800,000 battery and plug-in hybrids likely to be sold this year.
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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Australia - World.