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Georgia Howe

πŸ‘€ Speaker
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9015 total appearances
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Podcast Appearances

Morning Wire
The Race to Stop Chinese Cars

And that's worked its way not just into the entire world, but it's starting to work its way into the U.S.

Morning Wire
The Race to Stop Chinese Cars

But there's going to be some people trying to stop it.

Morning Wire
The Race to Stop Chinese Cars

But we'll see how that actually unfolds.

Morning Wire
The Race to Stop Chinese Cars

The biggest one, I think probably the best of them that seems to really have a grasp on creating great quality products is BYD.

Morning Wire
The Race to Stop Chinese Cars

BYD is all over the place.

Morning Wire
The Race to Stop Chinese Cars

They actually make buses that are sold here in North America.

Morning Wire
The Race to Stop Chinese Cars

You might see it, not even realize it.

Morning Wire
The Race to Stop Chinese Cars

They are the largest company.

Morning Wire
The Race to Stop Chinese Cars

They have been subsidized by the Chinese government.

Morning Wire
The Race to Stop Chinese Cars

Again, that's how they get ahead because you come in lower prices, people are interested.

Morning Wire
The Race to Stop Chinese Cars

You'll see companies like NIO, Cherry, a lot of, some of them actually own other companies like Volvo is owned by a Chinese car company.

Morning Wire
The Race to Stop Chinese Cars

But you wouldn't know that.

Morning Wire
The Race to Stop Chinese Cars

Polestar is the sister company to that.

Morning Wire
The Race to Stop Chinese Cars

And when you start realizing that they're already here in North America, they're already building components and parts, and they've taken a lot of our supply chain under previous administrations, the goal was to push all this offshoring.

Morning Wire
The Race to Stop Chinese Cars

So all these parts and pieces and beautiful center screens and wonderful displays and software all came from China.

Morning Wire
The Race to Stop Chinese Cars

So they already have a foothold here.

Morning Wire
The Race to Stop Chinese Cars

And under President Trump, he's been trying to push it away, which is actually good for supply chains here in the U.S.

Morning Wire
The Race to Stop Chinese Cars

It's good for the economy.

Morning Wire
The Race to Stop Chinese Cars

It's good for jobs.

Morning Wire
The Race to Stop Chinese Cars

It's not necessarily so good for the car manufacturers because they want to keep the costs down.