European carmakers welcome EU-China hybrid vehicle agreement
( October 9, 2026, 14:14 GMT | Official Statement) -- MLex Summary: European carmakers have welcomed the interim EU-China trade agreement on hybrid vehicles as a step toward easing tensions, while warning that rapidly rising Chinese hybrid vehicle imports are destabilizing Europe’s car market. Industry association ACEA said Chinese brands accounted for 14 percent of hybrid sales and 25 percent of plug-in hybrid sales in Europe in the first half of 2026, up from 2 percent each in 2024. The group, which is awaiting the agreement’s full details, said potential disruption from imports of buses and trucks also needs to be addressed.The statement follows....
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