Competition in Global Electric Vehicle Market

He Xiaopeng, CEO of XPeng Motors, predicts fierce competition in the global EV market, with China-made EVs potentially causing a 'bloodbath' for the American auto industry. Former President Trump also warned of this scenario without new U.S. tariffs on China-made EVs.

China's Threat to American Auto Manufacturing

Former President Donald Trump and industry insiders warn that China is aiming to dominate the American auto manufacturing market by exporting cheap Electric Vehicles (EVs) to the United States, potentially causing a 'bloodbath' for American auto workers. Recommendations include imposing tariffs on Chinese automobile imports to protect the American auto industry.