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Why the U.S. Auto Industry is Freaking Out About China’s Electric Cars

American automakers increasingly view Chinese electric cars as an existential threat, despite the fact that Chinese-branded cars aren’t even for sale in the U.S. yet.  Detroit has seen this before with Japanese and Korean rivals, which filled a need for affordable, efficient cars – and consumers eventually embraced them.

Chinese cars have long been poorly made. But thanks largely to government support — plus access to cheaper batteries and labor – the country now makes attractive, affordable models, like the sub-$11,000 Seagull EV from BYD, the world’s top seller of EVs and plug-in hybrids.

Chinese cars are already being exported to Mexico, and BYD, Chery and at least one other Chinese carmaker are scouting plants there, the Financial Times reported – meaning Mexico could become a backdoor for selling Chinese cars in the U.S.

via Axios 

Feb 15, 2024connieshedron
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