Rivian CEO: There’s No ‘Magic’ Behind China’s Low-Cost EVs

News Snapshot:

Rivian CEO RJ Scaringe said Chinese automakers have such a built-in cost advantage that won't last forever. "It's inconceivable that Western markets would not allow their domestic manufacturers to produce in China, but simultaneously allow freely those Chinese companies to produce in China and sell," Scaringe said during a recent appearance on the Everything Electric podcast. The US already imposes barriers similar to Scaringe's prediction. The Biden administration imposed a 100% tariff on Chinese-made EVs. President Donald Trump has used tariff threats to pressure automakers to make more vehicles in the US. Rivian isn't in the Chinese market, but Scaringe...