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MC Michael Corin On Marketplace (APM)

“At this point the center of car manufacturing is in China. They can make a car in 18 months, where it takes three to five years or longer for most U.S. brands. And so if they are truly shut out of the United States, it would be probably unprecedented that the largest market economy in the world would also not be able to buy cars from the largest car companies in the world.”

Marketplace (APM) · Money & Markets · October 2026

“At this point the center of car manufacturing is in China. They can make a car in 18 months, where it takes three to five years or longer for most U.S. brands. And so if they are truly shut out of the United States, it would be probably unprecedented that the largest market economy in the world would also not be able to buy cars from the largest car companies in the world.” — Michael Corin, Marketplace (APM)

Context

Ryssdal asked whether Chinese-made EVs will inevitably reach the US. Corin notes pending laws in Congress could stop even US automakers partnering with Chinese ones, and lays out why Chinese development speed matters against the national security concerns.

Listen to the episode → More from Michael Corin → More Money & Markets quotes →

Transcript

Marketplace (APM) Around 22:02 into the episode
Speaker 3

markets. One is the rest of the world that is quickly electrifying. And then one is the United States that is one of the only countries to sort of hit a 6 or 10% market share of EVs and then decline. Now it's recovering, but we don't see a fast recovery in the near future.

Kai Ryssdal

…to be made by American companies and shipped over. However, there are several laws that are under consideration in Congress that would actually reverse the ability of even American car companies to partner with Chinese automakers. And typically, that's how you gain the expertise. And at this point,

Speaker 2

the center of the car making car manufacturing is in China. They can make a car in 18 months, where it takes three to five years or longer for most U.S. brands. And so if they are truly shut out of the United States, it would be probably unprecedented that the largest market economy in the world would also not be able to buy cars from the largest car companies in the world. But there are national security concerns. There are concerns about our own industry. And so it's a real dilemma.

Kai Ryssdal

Michael Corin. This is the Washington Post. Fascinating piece, Michael. Thanks for your time.

Speaker 2

Thank you.

Kai Ryssdal

This final note on the way out today in which Starbucks, man, I don't know. The company said on its earnings call yesterday they made plenty of money. Same store sales up 7% in the United States. But the company also said it is working on a new AI function that is going to recognize customers when…

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

More from Marketplace (APM)

“If we allow people to opt in, it's almost like we're shifting the responsibility, saying we didn't pick you, you picked to be unemployed.” — Nita Chinzer, Marketplace (APM) “About 15% of the cars now being sold in Mexico are actually Chinese brands. And Chinese brands have about a 90% share of the EVs in the country. And so Americans are just not really making the cars that Mexicans are buying in terms of electric vehicles and even increasingly just conventional vehicles.” — Michael Corin, Marketplace (APM)