The reporter learned from many people familiar with the matter that in response to the recent understanding plan reached between China and Europe on the hybrid vehicle trade, a number of domestic automobile companies recently went to Beijing to discuss with relevant departments. “The total amount is limited, and the export quota that each company can allocate is not very large. Currently, all companies are working hard to obtain it.” A person familiar with the matter said. From October 8 to 9, the second regular meeting of the Sino-European trade and investment consultation mechanism was held in Beijing. After intensive negotiations, China and Europe reached an understanding on hybrid vehicle trade in a way that complies with WTO rules. The Ministry of Commerce said on October 12 that with regard to hybrid vehicles, the two sides reached an upward arrangement on the basis of 2025 to ensure export space and steady growth for Chinese companies, taking into account the legitimate concerns of both industries based on reality.

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