EU-China Deal Curbing Hybrid Car Imports Hailed by Renault CEO

The EU and China have reached an agreement to reduce imports of Chinese hybrid cars into Europe, a move Renault's CEO calls an 'important milestone' for the European auto industry. The deal likely involves quotas or minimum price mechanisms, though specifics remain undisclosed. This signals a shift toward managed trade in autos, protecting European manufacturers while potentially raising prices for consumers.