China's EV Dominance Threatens US Auto Industry

Chinese electric vehicle makers, led by BYD, are leveraging global expansion and competitive pricing to challenge American automakers.

BYD has surpassed Tesla as the world's top-selling EV maker, with Chinese electric vehicles (EVs) now representing a significant portion of the global market.
Chinese automakers are planning to circumvent US trade barriers by establishing manufacturing bases in Mexico, potentially gaining easier access to the American market.
The US auto industry faces an 'extinction-level' threat from low-cost Chinese EVs, backed by substantial government support and comprehensive control over the EV supply chain.
American car companies are urged to innovate and reduce costs to compete with Chinese EVs, as policymakers consider measures to protect the domestic auto sector.
The Biden administration is contemplating increasing tariffs on Chinese-made vehicles to safeguard American jobs and the auto industry.