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Chinese cars aren’t on U.S. roads, but Chinese auto parts are embedded in American cars. More than 60 auto suppliers in the U.S. today are owned by companies located in China, according to data compiled by the consulting firm AlixPartners.
The WSJ’s Ryan Felton writes that these include large manufacturers of air bags, automotive glass, and steering systems. Overall, Chinese companies have amassed ownership stakes in about 5% of 10,000 suppliers in America, according to the data.
Some concerns about the economic and national-security risks of Chinese companies that enter the U.S. have already manifested themselves. Last year, a political dispute tied to a Chinese-owned chip maker threatened to disrupt global auto production. Lawmakers recently revived the idea of eliminating Chinese parts in U.S. cars in a Senate bill.
Chinese ownership of some of the biggest suppliers in the industry has steadily increased. In 2012, one Chinese company ranked among the top 100 global suppliers, according to data from AlixPartners-owned Berylls. In 2024, that number had jumped to 13 suppliers, and it is expected to reach 22 by the end of the decade.
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Jeep maker Stellantis said two of its factories in Spain would produce EVs with China’s Leapmotor. (WSJ)
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China’s exports rose 14.1% from a year earlier in April, up from a 2.5% increase in March, according to the General Administration of Customs. (WSJ)
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