Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

The BYD Seagull EV in China has a starting price of 69,800 yuan, which is approximately $9,700 USD.

Chinese carmakers might exploit the U.S.-Mexico-Canada Agreement (USMCA), which potentially allows vehicles assembled in Mexico, including those made by Chinese firms, to enter the U.S. at a much lower tariff or even duty-free. This could enable China to sell its EVs well below typical U.S. prices, posing a significant threat to the American auto industry.