Hyundai CEO warns US over potential wave of Chinese auto imports

  • Hyundai CEO José Muñoz warned Chinese automakers could enter the US market rapidly if restrictions ease.
  • Chinese vehicles are priced 30% to 40% below rivals in some European markets.
  • Hyundai delayed its in-house Level 2++ system to late 2029 from late 2027.

Hyundai Motor Company CEO José Muñoz warned that Chinese-brand vehicles could enter the U.S. market rapidly if Washington relaxes tariffs and other market-access restrictions. Chinese vehicles are priced 30% to 40% below competing models in some European markets, including Italy, Spain and France, helping Chinese brands expand despite European Union measures addressing subsidies on Chinese-made electric vehicles. Chinese brands accounted for more than 9% of EU vehicle sales in the first half of this year and 15% of new-car registrations in the UK earlier this year. The United States currently applies tariffs of roughly 100% on Chinese-made EVs, but President Donald Trump has said he would welcome Chinese manufacturers building factories in the country. The future terms of any U.S. entry, including local sourcing requirements, will determine whether Chinese automakers compete through domestic production rather than finished-vehicle imports. Muñoz also said Hyundai Motor Group has delayed its in-house Level 2++ advanced driver-assistance system to late 2029 from late 2027, while planning Level 2+ and Level 2++ vehicles with Nvidia in 2028. Hyundai ultimately intends to retain ownership of core technologies including batteries and autonomous driving.

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Hyundai CEO warns US over potential wave of Chinese auto imports - CoinPost Terminal