Chinese Auto Executive: ‘Bloodbath’ Coming for American Auto 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 (EVs).
Over the weekend, former President Donald Trump was campaigning in Andalia, 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. . .
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]
(Read more from “Chinese Auto Executive: ‘Bloodbath’ Coming for American Auto Industry” HERE)
Photo credit: Gage Skidmore via Flickr
