this post was submitted on 20 Feb 2024
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[Dormant] Electric Vehicles
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Even at $15K or $20K, they would be underselling most new EV and ICE models. They're already looking at opening plants in Mexico: https://www.reuters.com/business/autos-transportation/chinas-byd-plans-new-electric-vehicle-plant-mexico-says-nikkei-2024-02-13/
If the U.S. changes trade rules, they'll just do what Japanese, S. Korean, and European countries did back in the 80s and start U.S. subsidiaries.