[Li Auto electric car store. Chinese electric vehicle manufacturer] Robert Way/iStock Editorial via Getty Images The European Union plans to limit imports of Chinese hybrid vehicles to 350,000 annually, with restrictions potentially taking effect Dec. 1, Bloomberg News reported, citing a document outlining the proposed measures. The initial quota would increase by 6% annually beginning in the second year. The restrictions would remain in place for four years, with the EU and China committing to comply with World Trade Organization rules. The proposed safeguards would technically apply to hybrid imports from all countries to meet WTO requirements against discriminatory trade practices.
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