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China and EU make a deal about hybrid cars

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China and the EU make a deal. They talk about trade in hybrid cars. Hybrid cars use 2 motors. One motor runs on fuel. The other motor runs on power. Maroš Šefčovič is a leader for trade in the EU. He meets Wang Wentao in Peking. Wang Wentao works as a trade minister in China.

The talks are very hard. The EU wants no trade war. China sells many goods to Europe. Europe sells less goods to China. This is a trade deficit. The deficit is over 370 billion euros in 2025. The EU says China gets unfair help from the state.

The new deal follows rules from the World Trade Organization. Companies must keep their price promises. China wants to make export easier for key materials. These materials include rare earths. Europe needs these materials for batteries. Both sides talk more about pure electric cars.

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Definitions

Hybrid cars
A car that uses 2 different motors. These are mostly a fuel motor and an electric motor.
Trade deficit
This happens when a country buys many goods from abroad and sells less goods to other countries.
World Trade Organization
An international group. It makes the rules for global trade between countries.
Rare earths
Special metals that people need for modern tech. For example for phones or car batteries.

People

Maroš Šefčovič
He is a politician from Slovakia. He works for trade with other states in the European Union.
Wang Wentao
He is a politician from China. He leads the ministry for trade in China since the year 2020.

Locations

Peking
Peking is the capital city of China. Many people live there and the government has its seat there.
China
A very big country in East Asia. It is a very important country for the world economy.

Sources

Logo Spiegel
Spiegel

Autohandel: China verkündet Einigung mit EU bei Handel mit Hybridautos

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Logo Spiegel
Spiegel

(S+) Warum China kein Interesse an einem Handelskrieg mit der EU hat

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Logo ZDFheute
ZDFheute

Chinas Handel mit der EU: Peking und Brüssel im Handelsstreit

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Logo FAZ
FAZ

China verkündet Einigung mit EU bei Handel mit Hybridautos

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Logo ORF
ORF

Handel mit Hybridautos: China sieht Einigung mit EU

Read now

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