China and EU Reach Consensus on Auto Trade, Including Hybrid and Electric Vehicles

China's Ministry of Commerce announced that recent economic and trade consultations with the European Union have yielded positive outcomes, including several decisions on hybrid and electric vehicles. Both sides agreed on principles of 'respecting facts,' 'non-discrimination,' and 'compliance' with WTO rules, aiming to maintain a stable and balanced key trading partnership and prevent the escalation of trade frictions.