Low-priced Chinese EVs reaching US from Mexico pose a threat to automakers

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Low-priced Chinese EVs reaching US from Mexico pose a threat to automakers - Business Standard

Quick Summary:

As the Chinese EVs go on sale across the country, America's homegrown EVs costing an average of $55,000, roughly double the price of their Chinese counterparts struggle to compete.Factories close.

Ultimately, it could all become a painful replay of how government-subsidized Chinese competition devastated American industries from steel to solar equipment over the past quarter-century.

Time and again, we have seen the Chinese government dump highly subsidized goods into markets for the purpose of undermining domestic manufacturing,' Sen.