The rise of China’s government-subsidized auto industry poses a real economic and national security threat to the United States and its major auto manufacturers, experts told members of a U.S. House committee Thursday.
“Chinese vehicles pose the same kind of risks in the physical world that TikTok represents in the digital world,” Peter Ludwig, cofounder and chief technology officer of tech company Applied Intuition, told the House Select Committee on the Chinese Communist Party (CCP).
Backed by the Chinese Communist Party (CCP), Chinese automakers have flooded global markets with excessively low-priced copies of popular models, such as Jeep and Land Rover, by stealing intellectual property and using anti-competitive trade practices, American automakers said….