How America’s EV retreat is increasing China’s control of global markets

Photo: BYD ATTO 3 Studio – 2022.09.28. Photo credit: BYD via their Image Bank. Article by Michael Wayland. CNBC – February 6, 2026.

DETROIT — The unraveling of the U.S. electric vehicle push is increasingly raising concerns of an existential crisis for the American auto industry, as Chinese carmakers surge ahead in the technologies that many still believe will define the next era of cars. The latest warning sign came Friday, when Stellantis disclosed a $26 billion charge from a major business overhaul, including a pullback in EVs, triggering a more than 20% plunge in its stock. CEO Antonio Filosa blamed the hit on overestimating the pace of the energy transition. […]

Click here to view original web page at www.cnbc.com

Related articles:

BYD Led China’s EV Boom. Now It Has Some Bad News – InsideEVs

Chinese EV makers’ shares skid as sales slide after tax incentive ends – SCMP

Another Tesla Miss: Sodium-Ion Electric Cars Are Coming … From China – Clean Technica