He Xiaopeng, CEO of XPeng Motors, anticipates a significant impact on America’s auto industry due to the introduction of affordable electric vehicles (EVs) made in China.
Former President Donald Trump recently expressed concerns about the potential consequences for the American auto industry if strict tariffs are not imposed on China-made EVs. He warned of job losses and the offshoring of the industry, painting a grim picture for the country.
“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.”
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Xiaopeng’s statement echoed remarks made by Trump, as mentioned in a letter addressed to XPeng employees and obtained by CNBC recently. In the letter, Xiaopeng conveyed his belief that the American auto industry is headed towards a tumultuous period this year, referring to it as a “bloodbath.” Furthermore, Xiaopeng expressed China’s intention to