Chinese EV Entry Could Trigger ‘Extinction-Level Event’ For US Auto Industry, Report Warns

The Alliance for American Manufacturing (AAM) in a report last week warned against allowing Chinese EV makers into the American marketplace terming it a possible “extinction-level event” for the U.S. auto sector.

What Happened: While tariffs have kept Chinese automakers from U.S. roads thus far, the lobby group flagged concerns about Chinese firms’ investment in plants in the neighboring country of Mexico allowing these players easier access to the U.S. market.

Chinese EVs and parts are subsidized to be extremely cheap as compared to U.S. EVs and will threaten the domestic EV-making industry, the AAM said. “The commercial backdoor left open to Chinese auto imports should be shut before it causes mass plant closures and job losses in the United States,” the report warned.

Measures …

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