The Booty Report

News and Updates for Swashbucklers Everywhere

Arr, the land of America ought to forbid them Chinese contraptions sailin' on wheels, mateys!

2024-02-15

Avast, ye landlubbers! Beware the treacherous Chinese ship BYD as it be swashbucklin' to conquer the market! 'Tis not just about gold, me hearties, but the security, economic, and privacy hazards this vessel be carryin'!

The news that Chinese electric-car company BYD had overtaken Tesla as the world’s top EV maker came just as the Year of the Dragon got underway. However, there are three major concerns regarding this dragon: spying on Americans, potentially disabling U.S. vehicles on the road, and undercutting the domestic EV industry. The Chinese Communist Party controls all major Chinese companies, and America should not give them power over a vital economic sector. Spying has been a concern, as a Chinese spy balloon was shot down in South Carolina in 2023. Chinese EVs could potentially be equipped with powerful spying equipment, allowing the CCP to collect sensitive information. Moreover, Chinese EVs would provide the CCP with an unprecedented trove of Americans' personal data, including addresses, driver's licenses, and credit cards. Giving the CCP the power to stop or disable EVs driven in America is also a concern. Furthermore, CCP subsidies for Chinese EVs can undercut American EV production and the clean energy initiatives set forth in the 2022 Inflation Reduction Act. China's lower costs for labor, energy, and capital give them a competitive advantage. Chinese companies such as BYD, Nio, Chery, Geely, SAIC, and Great Wall have been expanding globally, while American companies like Jeep, GM, and Ford face declining sales in China. Despite America's dominance in larger vehicles, regulations are pushing them to focus on electric vehicles. Mandating EVs without banning imports from Chinese companies would give China control over the U.S. auto market and pose national security threats. In conclusion, America needs to be cautious because the dragon is coming for our cars.

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