China agrees to curb hybrid car exports to EU in landmark deal

China has agreed to limit its exports of hybrid cars to the European Union in a significant trade deal. This agreement aims to reduce the EU's trade deficit with China, which has been growing rapidly and causing tension between the two economic powers. The deal is expected to result in a significant decrease in hybrid car sales in the EU, with Brussels predicting that shipments from China could fall by more than half over the next four years.

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China's agreement to curb hybrid car exports to the EU will reduce competition for European automakers. This could lead to increased demand for European-made vehicles, supporting local jobs and industries.

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