TradeHighReportedAccelerating
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China EV makers face dual EU quota and VAT rebate cut pressure
South China Morning PostSRC LO·CN · EU·1 day ago
Lithium futures in China fell 14% this week after an EU-China trade deal restricting Chinese hybrid car exports to the bloc, dampening battery demand expectations that had risen amid Middle East-driven oil crisis. The deal reverses earlier optimism for EV adoption, and the magnitude of the price drop signals a significant shift in demand outlook.