Nonsense.
UBS Investment Bankers tore down a BYD Seal and determined the quality was equivalent to top German manufacturers and that BYD manufacture 75% of the components that go into the car whereas others (eg Tesla) is less than 25%.
They also determined that Chinese EV's were at least a generation ahead of German EV's and other manufacturers should be very worried.
Watch UBS on its Teardown of BYD Seal - Bloomberg
The Treasury Department noted that the month benefited from calendar adjustments, without which the deficit would have been $70 billion.
Also:
Receipts from corporate income taxes decreased by $26 billion (or 7 percent)
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