Posted 3/5/2024, 5:30:40 PM
Chinese automakers pose growing threat to US and European carmakers despite trade barriers
- Chinese automakers like BYD already competing with Western automakers in South America and Europe despite US tariffs
- Stella Li of BYD claims trade protections won't help US automakers, only investing in technology will determine "the final winner"
- Elon Musk argues trade restrictions prevent US automakers from being "demolished" by Chinese competition
- Auto markets struggling to craft trade protections that limit cheap Chinese imports but keep domestic automakers competitive
- Key question is how to keep US and European automakers alive during a "second China shock" in autos while ensuring they remain technologically competitive