"US Lawmakers Push for Auto Industry to Reduce Dependence on China"

A bipartisan group of US lawmakers will meet with the CEOs of Ford and General Motors to urge them to reduce their reliance on Chinese auto parts, particularly EV batteries. The lawmakers will also meet with executives from auto suppliers including BorgWarner, Continental, Bosch, Tenneco, and battery startup Our Next Energy. The move comes after the US signed the $430bn Inflation Reduction Act in August, which aims to wean US EV production from Chinese supply chains by imposing new conditions on EV tax credits.