Chinese carmakers are preparing to sell you an EV for $10,000. Here's why America isn't ready [Los Angeles Times (CA)]
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Source: Los Angeles Times
And nervous U.S. automakers fear it's just a question of when they'll succeed. For now, 100% tariffs on Chinese electric vehicles effectively block BYD Co., Geely Automobile Holdings Ltd. and Xiomi Corp. from selling in the US. But President Donald Trump and his counterpart, Xi Jinping, are expected to discuss lowering those barriers when they meet for their long-planned summit in May. And for all his China-bashing, Trump has already signaled he's willing to let the country's car companies in — under his terms. In January, he told the Detroit Economic Club he'd be happy to see Chinese automakers open factories in the U.S. and employ American workers. “We're getting very close to the proverbial dam breaking,” said Michael Dunne, a former General Motors Co. executive in Asia. “The path for the Chinese — the one they're looking at intensively right now — is the option to manufacture in the United States and possibly with an American partner,” said Dunne, who is now an automotive
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