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China to Monitor EU Auto Moves Closely as Hybrid Cap Report Looms
Key Takeaways
- China says it will monitor EU moves on its auto industry closely, following reports the EU requested a 15 percent cap on hybrid vehicle sales.
- Beijing's stated aim is to safeguard Chinese automakers as the two sides try to avoid a trade war.
- The report does not specify whether the cap covers China's domestic market or exports, nor a timeline or enforcement mechanism.
- Hybrids are a high-volume segment, making a percentage cap commercially significant for Chinese and European automakers alike.
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DT Editorial Team··via autonews.com
