Everyone buys Korean washing machines, Japanese cars, and Chinese electronics. Not simply because of the cost but also because of quality. My Toyota is a far better deal than Ford/Chevy/etc.
I think the reality is more of a mix.
I would never buy an American car (traditional) because they do not appeal to me.
BTW Toyota Civic for example is 75% US domestic parts made in the USA.
https://www.usatoday.com/story/money/cars/2016/06/29/survey-...
All of this is way more complex.
The reality is that for an American company trying to do business in China the playing field is far from level, and that’s the major issue. Remove the IP transfer requirement and the 50% joint venture requirements and make the rules equal then we can see who will win (hint, the American company).
Fair access to thier market is the requirement. No one really believes that good old 1950s factory jobs are going to return to the USA. Heck, they are leaving China now!