U.S. Congress Proposes Bill to Ban Chinese-Affiliated Automakers with Over 15% Stake

U.S. Congress is reviewing targeted legislation that would prohibit automakers with over 15% ownership by foreign adversary governments from producing, selling, or importing vehicles in America. Mercedes-Benz could be forced to exit the U.S. market due to BAIC and Geely stakes. If enacted, this would mark a new phase in global automotive trade protectionism and further accelerate Chinese companies' deep cultivation of alternative markets in Central Asia and Russia.