Western automakers, including the Big Three and EV companies, warn that Chinese automakers threaten their survival if domestic production isn’t protected. The Alliance for Automotive Innovation urged Congress to maintain the ban on importing certain tech from China. Chinese automakers captured 6.1% of the European auto market last year, a 99% increase.

Rivian CEO highlighted China’s lower capital cost structure and cheaper labor costs compared to US automakers. Ford CEO Jim Farley expressed concern about China’s rising dominance globally. General Motors is wary of Canadian imports of Chinese EVs. Stellantis is alarmed by Chinese imports in the EU.

Executives like Farley and Blume call for legislation to boost local production and sales to counter Chinese competition. The Center for Automotive Research warns of China’s growing presence in global markets. Chinese automakers pose a threat to US automakers due to tech advances and cheap manufacturing. Farley is hedging bets with potential EV partnerships with Chinese companies like Xiaomi.

US automakers are concerned about the competitive threat posed by Chinese brands globally. Chinese automakers are expanding aggressively into markets like Canada and South America. European automakers are pushing for legislation to protect local manufacturing and jobs. Stellantis CEO urges the EU to use incentives for vehicles made in Europe to meet climate targets and protect jobs.

Read more at Yahoo Finance: From ‘slippery slope’ to ‘existential threat,’ auto CEOs sound alarm on Chinese competition