Quoted from vid1900:With all the rumblings of a 150% tariff on Chinese made vehicles sold in the USA, China has quietly started construction on six EV factories in Mexico.
This will allow them to avoid the tariff (through the North American Free Trade Agreement) and completely decimate the US auto industry.
China plans on marketing a $16K mini-pickup in the States and a SUV for $17K
It looks like the US auto industry misjudged the consumer's appetite for $60K EVs, when recent polling shows customers wanted value, not luxury.
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Even Ford's 2026 $26K EV Skunkwork pickup has a $10K disadvantage right out of the gate.
Say goodby to the USA auto industry, like we did to the USA Cellphones in 2014, USA Televisions in 2009, USA computers 1998, or stationary power tools & Tablesaws in 2011.
To add to your post - China is building huge ports in South America which is why their EV's are going to be dirt cheap.
With Peru port project, China gains a foothold in America's backyard. The $3.6 billion deep-water port is set to transform a fishing town and connect South America more directly to Asia, but it has raised concerns about national security implications.
https://www.nbcnews.com/news/world/china-peru-chancay-port-rcna124564
China is going to be a huge PITA in the near future. They've been playing the long game with their eyes on Taiwan which is a huge producer of semiconductor used in everything from phones to cars. They have pretty much openly said they're going to invade Taiwan in 2027. That's why the Chips act was so important in bringing manufacturing of semiconductors back home not only for security reasons but for supply chain that affects the overall economy.