Chinese Auto Exec Warns: ‘Bloodbath’ Coming For American Car Industry
He Xiaopeng, the CEO of XPeng Motors, predicts a “bloodbath” against America’s auto industry with the help of cheap China-made electric vehicles
Over the weekend, former President Donald Trump was campaigning in Vandalia, Ohio, when he warned that without fierce new United States tariffs on China-made EVs, the American auto industry will face “a bloodbath for the country” with jobs lost and industry offshored:
“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,” Trump said.
“Now if I don’t get elected, it’s going to be a bloodbath for the whole – that’s gonna be the least of it. It’s going to be a bloodbath for the country. That will be the least of it. But they’re not going to sell those cars. They’re building massive factories.”
Trump’s remark mimicked comments made by Xiaopeng in a letter to XPeng employees obtained by CNBC last month.
Xiaopeng suggested that “a bloodbath” is coming for the American auto industry this year.
CNBC reported:
“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 in the employee memo. [Emphasis added]
“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.” [Emphasis added]
As Breitbart News reported, the corporate media and President Joe Biden’s presidential campaign were quick to jump on Trump’s remarks and characterize them as a warning of political violence if he does not win this year’s election.
Source: Climate Change Dispatch
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Alan
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Trump is wrong. People should be able to decide for themselves what they purchase taking into account quality and cost. Trump misses the essential point about this which is that the cost of US (and European) goods are too expensive because our labour and energy costs are too high. If he forces Americans to buy expensive goods, then he should recognise that other countries will not do the same. America will not be able to export its goods.
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Dave
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Donald is NEVER Wrong!
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Corona Hotspot
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“‘Bloodbath’ Coming For American Car Industry” That’s the plan.
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Dave
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EVs, Unsafe at any Speed!🔥🔥🔥
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Howdy
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Millions of New Cars Pile Up, Unsold for 5 Years, China’s Zombie Car Factories Keep Emerging
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