From Fortune:

The CEO of Citadel, Ken Griffin, is alarmed by China’s BYD becoming a competitor to U.S. EV companies. He noted that China’s large size and lower labor costs allow them to dominate many key industries. Elon Musk and Mary Barra agree that the U.S. needs a level playing field with China to protect American industries.

However, Griffin emphasized the importance of maintaining a constructive relationship with China for U.S. economic security. He worries that tensions between the U.S. and China could hurt both countries. The global economy’s vulnerability to a Taiwanese conflict was highlighted by Griffin as a major concern.

Meanwhile, the U.S. industries are still recovering from the chip shortage, though a new AI vulnerability has emerged. Griffin stressed the importance of maintaining a constructive tone in U.S.-China discussions for national economic security. He underlined the importance of maintaining peace in the region to ensure the global economy is stable.



Read more: Billionaire Ken Griffin on electric vehicles, why it’s ‘heartbreaking’ to see BYD leapfrog Tesla