The U.S. Won’t Let China Flood Its Auto Market, Treasury Secretary Says

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The U.S. Won’t Let China Flood Its Auto Market, Treasury Secretary Says
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The treasury secretary told her Chinese counterparts that industrial overcapacity was a concern for U.S. automakers.

China’s electric vehicles pose an existential threat to the U.S. car industry, auto executives fear. The speedy rise of the country’s EV industry means it is not only satiating demand at home but also supplying low-cost EVs abroad. To address this, among many other trade issues, U.S.

With Autopilot engaged while on the highway, Huang’s Model X approached a dividing area that sits between travel lanes of the highway and an exit ramp. The Autopilot system moved the vehicle off the highway and into the dividing area, and then struck a barrier at about 70 miles an hour. Huang died as a result of blunt force trauma injuries sustained in the crash.

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