China said on Monday it has reached a deal with the European Union on exports of Chinese-made electric vehicles to the bloc.

The Commerce Ministry in Beijing said the EU will be issuing guidelines on minimum pricing for Chinese auto exporters. It did not directly mention if the deal involved an end to the tariffs of up to 35.3 percent that the EU imposed on imports of Chinese EVs in 2024.

The move aims to address relevant concerns in a way that is more practical, targeted, and consistent with WTO rules, according to a statement issued by the Commerce Ministry.

"The progress fully reflects the spirit of dialogue and the outcomes of consultations between China and the EU," it said.

“This is conducive not only to ensuring the healthy development of China-EU economic and trade relations, but also to safeguarding the rules-based international trade order."

The Chinese Chamber of Commerce to the EU said in a statement it "highly commends the positive outcome achieved through dialogue and consultations".

The move "has enabled a soft landing in the electric vehicle case", it added. (Xinhua, AP, AFP)