Transportation
China and EU Reach ‘Technical Consensus’ in EV Talks, CCTV Says
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China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles, according to a posting on a Weibo account affiliated with the state-run China Central Television.
The two sides have been exploring an agreement on so-called price undertakings — a complex mechanism to control prices and volumes of exports, used to avoid tariffs. China and the trade bloc held talks Nov. 2 to Nov. 7, after which they said that they had made “technical progress” and that they would continue negotiations this week.