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BYD's EU Invasion Deepens Germany's Auto Industry Crisis
BYD's EU Invasion Deepens Germany's Auto Industry Crisis
The rise of right-wing populism in Germany comes as globalist policies backfire and crush Europe's industrial powerhouse. The nation's auto industry is in shambles, with layoffs and production cuts, after European leaders had the brilliant idea of letting cheap Chinese EVs flood the struggling continent.
Bloomberg cites new data from Schmidt Automotive Research showing Chinese brands accounted for 10.7% of Western European car sales in the second quarter, up from 3.4% two years earlier, highlighting how BYD Motors's cheap $34,000 EV is quickly...
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