Chinese Carmakers Threaten U.S. Auto Industry

Stellantis disclosed a $26 billion restructuring charge Friday as U.S. automakers pull back from EV investments while Chinese carmakers rapidly expand global EV exports. BYD has overtaken Tesla in EV sales and Chinese brands' global market share rose significantly between 2019 and 2025, driven by government support and vertical integration. The shift raises concerns about U.S. market share losses and long-term competitiveness.