China seems to be fond of having their mouths write checks their butts can’t cash. In the latest such incident, the American chief executive of a Chinese electric vehicle company, BYD, claims that American automakers don’t want to compete in the electric vehicle market because they “aren’t ready.”
If that doesn’t make you fall down laughing, I don’t know what will.
Chinese companies such as BYD, the biggest global rival to America’s Tesla, are forcing Western automakers to change their approach to electric vehicles if they want to remain competitive in a growing industry.
“They’re not ready,” said Stella Li, chief executive of BYD Americas. “For BYD, we are ready. We are ready for technology, and we are more ready on supply chain,” she told NBC News in an exclusive interview in April at BYD headquarters in the southern city of Shenzhen, where SUVs, sedans and other…
