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2024

Low-priced Chinese EVs from Mexico pose threat to US automakers

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WASHINGTON, D.C.: The potential influx of low-priced Chinese electric vehicles (EVs) into the U.S. market via Mexico is causing concern among American automakers.

This scenario could disrupt the domestic EV market, where homegrown EVs, averaging US$55,000, would struggle to compete against their significantly cheaper Chinese counterparts.

Chinese automakers could leverage North American trade rules to se