Hyundai CEO says only a ‘level playing field’ can minimize damage from China

What happened

Automaker CEOs, in particular, warn that allowing low-cost, high-tech Chinese electric vehicles to be sold in the US would effectively spell the end of their businesses. There's been a lot of doom and gloom from the auto industry lately when the subject of China comes up.

Hyundai CEO José Muñoz, center, doesn’t think his company needs a strategy to combat Chinese imports. Hyundai CEO José Muñoz is not as pessimistic as some of his counterparts. Even though his company is feeling the squeeze from China, Muñoz isn't ready to throw in the towel.