China, EU strike deal to halve Chinese hybrid exports

China and the EU have agreed to reduce Chinese exports of hybrid and plug-in hybrid cars to the EU by over half within four years, addressing the EU's trade deficit with China amid rising Chinese car imports and economic tensions. The deal also includes Chinese commitments to lower import duties on some €4 billion of EU exports and facilitate export licences for rare earths and permanent magnets.

This Wire brief sits within Fusion42's coverage of Micromobility, and 4 sources have reported it between 7 Oct 2026 and 10 Oct 2026.