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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

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Dec 22 3:39 PM EST

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From: roto	11/24/2023 8:39:29 PM
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wsj.com Why Americans Can’t Buy Cheap Chinese Electric Vehicles U.S. has built a fortress to keep out Chinese EVs as millions sell around the world By Yuka Hayashi Nov. 24, 2023 8:00 am ET Polestar, a luxury EV brand owned by Chinese automaker Geely and its Volvo unit, plans to start production in South Carolina next year. PHOTO: JUSTIN SULLIVAN/GETTY IMAGES Chinese automakers are winning over millions of consumers around the world with affordable electric vehicles. They are conspicuously absent from one big market: the U.S. Washington has effectively built a fortress to keep out Chinese EVs. Former President Donald Trump imposed a 25% tax on Chinese auto imports. President Biden backed that policy and went further, denying them “ Buy America” credits that can reduce consumers’ price tag by thousands of dollars.

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