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Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

apnews.com Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

It’s a scenario that terrifies America’s auto industry.

Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States.

As the Chinese EVs go on sale across the country, America’s homegrown EVs — costing an average of $55,000, roughly double the price of their Chinese counterparts — struggle to compete. Factories close. Workers lose jobs across America’s industrial heartland.

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