Chinese EVs Pose Job Threat, Supplier Urges Action: DOWL, BYD, JAECOO, OMODA

[Para 1: The Lead] Chinese electric vehicle (EV) manufacturers, including DOWL (formerly GKN Automotive), BYD, JAECOO, and OMODA, are poised to disrupt Western automotive supply chains, risking job losses unless governments intervene, warns Dauch Corp, the new owner of DOWL. The company's CEO, David Dauch, urges European nations to implement policies ensuring a level playing field for local suppliers and manufacturers. [Para 2-3: Supporting details & Context] Dauch Corp, which recently acquired GKN Automotive for £1.16 billion, predicts that without regulatory measures, the dominance of Chinese EVs could lead to significant job losses and industry decline in Europe. Last year, nearly 28% of EVs sold in Britain were Chinese, underscoring the urgency of the situation. Dauch Corp plans to leverage its global leadership in components for both traditional and electric vehicles, advocating for a balanced approach rather than an outright ban. The firm's stance reflects concerns that the rush to EVs has been premature and politically driven, with some countries already revisiting their initial policies. Dauch highlights that the US market share of EVs has fallen from 10% to around 5% due to policy changes, suggesting that the timeline for EVs to capture 50% of US sales by 2030, as targeted by former President Biden, is unrealistic without substantial market forces driving the transition.