[Person Plugging Electric Car Charger into Vehicle Port.] RuslanDashinsky The European Union and China have reached an understanding that could cut Chinese hybrid and plug-in hybrid vehicle exports to the bloc by more than half over four years, Bloomberg reported on Friday, citing EU trade chief Maros Sefcovic. The agreement was announced after two days of talks in Beijing between Sefcovic and Chinese Commerce Minister Wang Wentao, as Brussels seeks to address a growing trade imbalance with the world’s second-largest economy. Neither side has detailed how the export curbs would work. The EU has been considering safeguard measures, including tariffs on imports exceeding a specified volume.
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