Joe Biden is going to decimate American automakers with his electric vehicle mandates.
Now a new threat could have Detroit’s Big 3 preparing to write their obituaries.
And the American auto industry is facing this doomsday scenario because of Joe Biden.
Cheap Chinese vehicles could put the American auto industry out of business
Detroit automakers and politicians are worried about the arrival of cheap vehicles from China.
Chinese automaker BYD surpassed Tesla this year in global sales to become the world’s biggest electric vehicle.
Now the company could have its sights on America.
The electric BYD Seagull sells for $12,000 in China and about $21,000 in Latin America.
BYD sold more than three million vehicles last year as it moved into foreign markets.
China is now the largest exporter of automobiles in the world.
Detroit automakers could be facing the biggest disruption to their industry since the 1970s oil crisis boosted the sales of Japanese cars.
AutoForecast Solutions Vice President Sam Fiorani told The Detroit News that BYD will be arriving on the shores of America soon.
“Any car company that’s not paying attention to them as a competitor is going to be lost when they hit their market,” Fiorani said. “BYD’s entry into the U.S. market isn’t an if. It’s a when.”
The Alliance for American Manufacturing predicted that Chinese automakers “could end up being an extinction-level event for the U.S. auto sector.”
And the Chinese auto industry is preparing to go to war against the United States.
XPeng Motors CEO He Xiaopeng wrote in an internal company memo that a “bloodbath” was coming.
“This year also marks the beginning of a fierce competition that may end in a ‘bloodbath’ (or as I prefer to call it, the brutal ‘knockout round’) among Chinese auto makers,” Xiaopeng wrote.
“XPeng has engaged in this cutthroat competition right from the outset, thus accumulating considerable experience. Our guts, grit and perseverance, I firmly believe, will lead us to victory,” Xiaopeng added.
Joe Biden leaves a big loophole for Chinese automakers to get into America
President Joe Biden announced that he is instituting a new 100% tariff on electric vehicles from China sold in the United States.
The move was clearly an election year stunt designed to try and fool voters into thinking he’s tough on China.
But he didn’t include Chinese vehicles that were assembled in Mexico or foreign countries.
And he didn’t place any tariffs on Chinese gasoline or diesel-powered vehicles.
Biden cracked the door for the Chinese auto industry to enter the country via Mexico.
That’s why BYD is planning on building a factory in Mexico.
Former President Donald Trump was crucified in the media during a March campaign rally in Dayton, Ohio when he warned of a “bloodbath” for the American auto industry if Chinese vehicles made it into the country.
“Let me tell you something to China, if you’re listening President Xi — and you and I are friends but he understands the way I deal — those big, monster car manufacturing plants that you’re building in Mexico right now, and you think you’re going to get that and you’re going to not hire Americans and you’re going to sell the cars to us, no,” Trump said at the time.
Trump proposed tariffs to try to stop Chinese vehicles from sneaking in through Mexico.
“We’re going to put a 100 percent tariff on every single car that comes across the line. And you’re not going to be able to sell those cars if I get elected. Now if I don’t get elected, it’s going to be a bloodbath for the whole, that’s going to be the least of it, it’s going to be a bloodbath for the country; that’s going to be the least of it,” Trump added.
The Chinese auto industry has its sights set on America and Joe Biden is willing to let them into the country.
