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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla
The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
This week, Stellantis CEO Carlos Tavares likened China’s automotive emergence to the arrival of Japanese carmakers in the U.S. in the 1970s, followed by South Korean rivals three decades later. Now it’s China’s turn to make its mark, he suggested, and that poses a threat to existing carmakers like Stellantis, whose brands include Dodge, Chrysler, Jeep, Ram, and Maserati. Tesla, in a call with investors last month, warned of “notably lower” sales growth this year after a disappointing fourth quarter.
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