Great Lakes Wire

Michael Dunne, CEO of Dunne Insights LLC, has highlighted China's cost-effective electric vehicle (EV) production and strategic market expansion as factors disrupting global automotive dynamics. He made these remarks during a discussion on CBT News.

"Chinese EVs are 25% cheaper to produce with high quality," said Dunne, Chief Executive Officer, according to LinkedIn. "China has enough factory capacity to supply half the world. Despite 100%+ U.S. tariffs, OEMs are eyeing entry via Mexico, Morocco, South Korea. U.S. imports 48% of its cars, China just 3%—a major imbalance."

According to Dunne, Chinese electric vehicles are approximately 25% cheaper to produce than those of competitors while maintaining high quality standards. This cost advantage provides China with the factory capacity to meet half of the world's demand. Despite U.S. tariffs, Chinese automakers are reportedly attempting to enter the market indirectly through countries such as Mexico, Morocco, and South Korea.

As reported by the Coalition for a Prosperous America, the House Ways and Means Committee, chaired by Jason Smith, has proposed aligning the definition of "Foreign Entity of Concern" (FEOC) in the Internal Revenue Code with that used in the National Defense Authorization Act. This proposal aims to prevent entities with ties to countries like China from benefiting from the Section 45X advanced manufacturing production tax credit. The committee seeks to address concerns that current guidelines may allow Chinese joint ventures or licensed projects to qualify for these credits.

On May 7, the House Ways and Means Committee released a statement from Chairman Smith supporting the extension of provisions from the 2017 Tax Cuts and Jobs Act. The statement linked this extension to addressing the effects of interest rate increases on families and small businesses. It also referenced domestic manufacturing and energy policy as part of their legislative agenda.

Dunne is not only leading Dunne Insights LLC but is also a Limited Partner at Assembly Ventures, a Michigan-based venture capital company. He is recognized for his expertise in global electric vehicle markets and battery supply chains and is the author of "American Wheels, Chinese Roads," which received acclaim from The Wall Street Journal.