I think it's more a case of incumbents (like Ford and Chrysler/Jeep) all getting outcompeted by new companies (Xiaomi is 15 years old), and for the American Car Industry, those incumbents are all we have! But I think there still is promise for new American car manufacturers (e.g. Slate, Telo) to be able to outcompete Chinese imports (e.g. Slate is planning on their EV being mid-20k, Xiaomi Su7 is ~30k)
https://www.slate.auto https://www.telotrucks.com/