US automakers push for ban on Chinese vehicle imports
Semafor · Brendan Ruberry ·
Chinese car companies have continued rapid expansion into international markets, fueling concern that Chinese overcapacity could hurt US auto sector jobs.
Major automakers urged US lawmakers to ban Chinese vehicle imports after midterm elections, as Beijing’s car companies rapidly expand in international markets.
A US industry representative cited Europe — which has blamed China’s industrial overcapacity for costing European auto sector jobs — as a cautionary tale.
BYD, China’s largest automaker, reported higher sales for a sixth straight month powered by exports, while Geely’s overseas sales more than doubled, helping it eke out 1% delivery growth overall, as domestic demand evaporates.