For years, the industry assumed it had seen this movie before. Michael Dunne says that assumption is dangerous. China is competing on cost, scale, and speed at the same time — with R&D cycles moving so fast that version two is already in market before version one lands elsewhere. That combination changes the economics of competition entirely. What do you think US automakers need to change first: cost structure, speed, or global collaboration? Watch the full episode from Alliance for Automotive Innovation’s The Merge 2025 — link in our bio.