CHINESE electric truck startup windrose plans to set up a US assembly plant for its semi-trucks for delivery there from 2025, directly challenging Tesla in its home market, reports Reuters.
The move signals a potential return of Chinese electric vehicle companies to the world's second-largest auto market, and comes after Republican presidential candidate Donald Trump has repeatedly said he would support such investment in the US.
President Joe Biden's administration, in contrast, sought to keep Chinese electric vehicles out of the United States via heavy tariffs, and excluded components linked to China from its electric auto incentive schemes, effectively shutting out investment from China's EV industry.
That policy has kept BYD, China's biggest EV maker and currently in the middle of a global expansion plan, from making moves to set up plants or sell cars in the US.
Windrose's US plant, to be located in Georgia, will piece together chassis and other vehicle parts manufactured in China to serve its US customers, said founder and CEO Han Wen.
SeaNews Turkey
The move signals a potential return of Chinese electric vehicle companies to the world's second-largest auto market, and comes after Republican presidential candidate Donald Trump has repeatedly said he would support such investment in the US.
President Joe Biden's administration, in contrast, sought to keep Chinese electric vehicles out of the United States via heavy tariffs, and excluded components linked to China from its electric auto incentive schemes, effectively shutting out investment from China's EV industry.
That policy has kept BYD, China's biggest EV maker and currently in the middle of a global expansion plan, from making moves to set up plants or sell cars in the US.
Windrose's US plant, to be located in Georgia, will piece together chassis and other vehicle parts manufactured in China to serve its US customers, said founder and CEO Han Wen.
SeaNews Turkey
