EU seeks to limit imports of Chinese hybrid cars
The EU is preparing to potentially limit imports of Chinese hybrid electric vehicles, Bloomberg reports.
According to sources cited by the news agency, the bloc is considering taking action after recent statistics showed a sharp rise in sales of Chinese hybrids.
The news has boosted shares of European automakers; Volkswagen is up 2 percent and Renault 3.5 percent.
Jaguar returns with new EV – priced at 1.3 million
British luxury automaker Jaguar is re-entering the electric vehicle market with the Jaguar "Type 01," two years after a rebranding effort sparked a storm of criticism on social media. At that time—two years ago—the classic car manufacturer announced it was transforming its identity and stepping into an electric future.
The new car boasts a range of just over 700 kilometers and accelerates from zero to 100 km/h in 3.2 seconds. The price tag is equivalent to 1.3 million kronor, CNBC reports.
Both Ferrari and Bentley have launched their first electric vehicles this year.
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