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 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 going to be the least of it, it’s going to be a bloodbath for the country, that’s going to be the least of it.”

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.
China seeks to deliver a “brutal knockout round” against its Western competitors, including the U.S., in the global EV market, Xiaopeng said.

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.
“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.”
 
 
 
 
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Jim Bailey

Article URL : https://www.breitbart.com/politics/2024/03/18/chinese-auto-executive-predicts-bloodbath-against-american-auto-industry/