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(Independent Sentinel)—According to a new report, three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, reports Business Insider.
This comes after Joe Biden’s EPA mandated that 50% of all new vehicle sales must be electric by 2030. MG, BYD, and Chery are all looking at sites to build new factories in the country, according to unnamed sources cited by The Financial Times, and this investment is causing angst in Washington as it seeks to keep China out of the US electric car market.
Read More: https://www.independentsentinel.com/blackrock-china-will-own-the-us-electric-car-market/
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.