Weeeknd: EU plans 350,000 annual cap on Chinese hybrids after Beijing agrees 16-point deal

<p dir="ltr">For European carmakers, a hybrid quota offers some relief from lower-priced Chinese competition at a time when Volkswagen, Stellantis, Mercedes and BMW are under pressure on profits, though the cap’s generous starting size and annual increases limit how much market share it protects. Chinese brands that have leaned on hybrids to sidestep EU electric vehicle tariffs face slower Europea