EU Hybrid Export Curb Challenges Chinese Localization

The European Union (EU) has put the brakes on exports of Chinese hybrid vehicles following its restrictions on Chinese electric vehicles, raising alarms for Chinese automakers' export-driven growth model. While establishing local production bases in Europe is emerging as an alternative, the key question is whether Chinese companies can maintain their existing competitiveness amid Europe's high production costs, given that they have long secured price competitiveness based on low-cost domestic su