European Union Asks China to Voluntarily Limit Hybrid Car Exports to Prevent Trade War

The European Union has reportedly requested China to voluntarily restrict its hybrid car exports, aiming to cap Chinese hybrid vehicle sales at approximately 15% of the EU market. This move, reported by the Financial Times, is part of broader efforts to avert a trade war and address the EU's "unsustainable" trade deficit with China, which reached €360.6 billion last year.