* Three major Chinese EV companies are planning new factories in Mexico, per the Financial Times.
* Tesla rival BYD and fellow giants MG and Chery are in talks over new sites, alarming US officials.
* The move will likely fuel fears that Chinese firms may use Mexico as a backdoor into the US EV market.
Don’t whine, pretend you believe in capitalism and compete. Solve the climate problem.
This is all a nothing burger , the US government will carefully change policy on these EVs to make sure either the government gets it’s money (from China) before they can even get into the US market , they’ll likely need to partner with a US Uto company (China does the same thing in their market ) OR institute quotas to limit them (like for every 5 Tesla’s in China 1 BYD in the US ) to protect US manufacturers… It’s funny how capitalism morphs to suit the needs of America , I love how everyone spouts off about the free market when it’s anything but free
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TL;DR:
* Three major Chinese EV companies are planning new factories in Mexico, per the Financial Times.
* Tesla rival BYD and fellow giants MG and Chery are in talks over new sites, alarming US officials.
* The move will likely fuel fears that Chinese firms may use Mexico as a backdoor into the US EV market.
Don’t whine, pretend you believe in capitalism and compete. Solve the climate problem.
This is all a nothing burger , the US government will carefully change policy on these EVs to make sure either the government gets it’s money (from China) before they can even get into the US market , they’ll likely need to partner with a US Uto company (China does the same thing in their market ) OR institute quotas to limit them (like for every 5 Tesla’s in China 1 BYD in the US ) to protect US manufacturers… It’s funny how capitalism morphs to suit the needs of America , I love how everyone spouts off about the free market when it’s anything but free