Elon Musk is inviting Chinese EV car parts makers to Mexico to supply his big Tesla factory planned there, and Washington is freaking out
Elon Musk is inviting Chinese EV car parts makers to Mexico to supply his big Tesla factory planned there, and Washington is freaking out
The trade war then-President Donald Trump started in 2018 helped spur Chinese investment in third-party countries like Mexico.
I suspect he will come to regret this, the Chinese aren't stupid, and will be happy to slit his throat once they've got what they need.
China already got what they need from Tesla. China is the number 1 car market. Number 1 in EVs. Number 1 in batteries.
BYD and Tesla are the top selling EVs to the world.
GM discontinued their best selling EV.
I suspect Tesla will work with BYD and CATL to make low priced entry level EVs. They will do this in Mexico. Not USA.
Meanwhile Borgwarner just signed with BYD.
Yes, but knowing China, they'll be happy to supply Tesla, while selling knock-off parts and quality control failures under their own brand to anyone who wants them, at least until they get their own operation up and running to make their own cars, a process a lot easier when you're in the country, something Tesla will be facilitating.
Meanwhile, supposedly there’s pressure from automakers, auto unions, and dealers to cut back emissions targets, which will further set back US manufacturing….
https://insideevs.com/news/709077/biden-epa-rollback-nyt/
When an EV from BYD, Tesla, or whoever ends up being cheaper than “legacy auto”, nobody’s going to voluntarily spend the extra cash to support dealers, existing automakers, and the UAW…
No Chinese suppler will reject an offer of getting their hands on Tesla.