I believe China is the United States’ greatest enemy — both militarily and economically. Congress has pledged to make addressing the Chinese Communist Party’s threat to the American people one of its top legislative focus areas. Congress needs to ensure that the Communist Party’s ability to spy on American drivers is one of the issue areas that it speedily addresses. While Volvo is currently the only Chinese automotive company with significant sales in the United States, the swift rise of BYD, a Chinese multinational manufacturing company, could soon change this dynamic.
In the fourth quarter of 2023, BYD eclipsed Tesla as the world’s largest EV company by sales. The Chinese corporate giant has surpassed Japan as the world’s top EV exporter, continually expanding its reach to more developed markets. Because BYD sells cars for as low as $10,000, $20,000 less than the…
