China expert Gordon Chang is lifting the veil on the dark side of the Chinese electric vehicle industry, claiming that it threatens to choke out the U.S automotive industry, will bring with it a whole new data collection apparatus to potentially spy on Americans, and will grow on the back of slave labor.
Though BYD has yet to sell in America, it has cornered the global EV market by selling its clean energy and hybrid line of vehicles at a cheaper rate than its competitors. Chang warned the explosion is being driven in part by "extremely predatory" business practices amounting to "trade violations" that threaten to flood the market and kill western countries’ manufacturing jobs. "China makes 60% of the world's EVs.
Source: News Formal (newsformal.com)
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