Chinese Auto Exec:Bloodbath Coming for American AutoIndustry
Mar 19, 2024 1:53:21 GMT -5
Post by ExquisiteGerbil on Mar 19, 2024 1:53:21 GMT -5
Chinese Auto Executive: ‘Bloodbath’ Coming for American Auto Industry
JOHN BINDER
18 Mar 2024
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.
“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.”
Watch video:
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. [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.”
He Xiaopeng, Chairman and CEO of Chinese electric vehicle maker Xpeng, speaks during a press briefing to present next-gen technology architecture SEPA2.0 on April 16, 2023, in Shanghai, China. (VCG/VCG via Getty Images)
As Breitbart News reported, the corporate media and President Joe Biden’s presidential campaign were quick to jump on Trump’s remarks and characterize them as a warning of political violence if he does not win this year’s election.
“This is who Donald Trump is: a loser who gets beat by over 7 million votes and then instead of appealing to a wider mainstream audience doubles down on his threats of political violence,” Biden campaign spokesman James Singer said.
“[Trump] wants another January 6, but the American people are going to give him another electoral defeat this November because they continue to reject his extremism, his affection for violence, and his thirst for revenge,” he continued.
link
JOHN BINDER
18 Mar 2024
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.
“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.”
Watch video:
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. [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.”
He Xiaopeng, Chairman and CEO of Chinese electric vehicle maker Xpeng, speaks during a press briefing to present next-gen technology architecture SEPA2.0 on April 16, 2023, in Shanghai, China. (VCG/VCG via Getty Images)
As Breitbart News reported, the corporate media and President Joe Biden’s presidential campaign were quick to jump on Trump’s remarks and characterize them as a warning of political violence if he does not win this year’s election.
“This is who Donald Trump is: a loser who gets beat by over 7 million votes and then instead of appealing to a wider mainstream audience doubles down on his threats of political violence,” Biden campaign spokesman James Singer said.
“[Trump] wants another January 6, but the American people are going to give him another electoral defeat this November because they continue to reject his extremism, his affection for violence, and his thirst for revenge,” he continued.
link
