by Sundance at The Conservative Treehouse
The headline is the non-pretending reality. Now that Joe Biden has designated EPA mandates for U.S. automobiles that include having at least 50% of all new vehicle sales be electric by 2030 {LINK}, three major Chinese EV manufacturers are reportedly building manufacturing facilities in Mexico.
Blackrock investments steer WH policy {Go Deep}. Blackrock investments are heavy in China and EV production. Blackrock returns on their investments would be substantial with Chinese EV production in Mexico. Quite a coincidence.
BUSINESS INSIDER – Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report.
MG, BYD, and Chery are all looking at sites to build new factories in the country, according to unnamed sources cited by The Financial Times, and this investment is causing angst in Washington as it seeks to keep China out of the US electric car market.
US officials have reportedly raised concerns with their Mexican counterparts over Chinese investment, with the new sites potentially including a new $1.5 billion to $2 billion MG electric car factory and a factory investment worth hundreds of millions of dollars from Warren Buffett-backed Tesla rival BYD.
China’s electric vehicle market is booming,…
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