Chinese automakers are heading to the US – and in my view this is a topic that could significantly shake up the American EV market in the coming years.

Currently imports are blocked by a 100% tariff, but if brands like BYD $BY6.F , Geely (Zeekr, Lynk & Co) or others were to build factories directly in the US, that barrier would effectively fall. President Trump has already hinted that if they produce on American soil and hire local workers, the administration won’t object. China now manufactures a third of all cars in the world and exports over 8 million vehicles a year, and in electric vehicles BYD has already surpassed Tesla globally. If some of that capacity starts to flow into the US, competition will intensify dramatically.

For American consumers this would mean more choice and likely pressure on prices – the average price of a new car in the US is around $50,000, while the average export price of a Chinese car is roughly $19,000. The question is, who will bear the cost? Tesla $TSLA , Ford $F , GM $GM ? Or will the market expand so much that everyone gets their share?

I personally see this as a potential structural pressure on the margins of American manufacturers – but also as an accelerator of EV adoption. How do you see it? Is the entry of Chinese brands into the US a threat to the stocks of traditional players, or a catalyst for the whole sector?