EU to limit Chinese hybrid vehicle imports to 350,000 a year

Brussels uses WTO rules to quickly impose 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 electric vehicles imported from China to 350,000 cars a year, the European Commission has confirmed.

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Imports have been soaring in the past two years; about 800,000 battery and plug-in hybrids are likely to be sold this year. Continue reading...