Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

News Snapshot:

WASHINGTON (AP) — It's a scenario that terrifies America's auto industry. Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States. As the Chinese EVs go on sale across the country, America’s homegrown EVs — costing an average of $55,000, roughly double the price of their Chinese counterparts — struggle to compete. Factories close. Workers lose jobs across America's industrial heartland. Ultimately, it would all become a painful replay of how government-subsidized Chinese competition devastated American industries from steel to solar equipment over the...