The BYD Seagul at 12k$ is not really the type of car that could be successfully exported in western markets. The 30kwh battery is too small. I could see the upper trim with the larger battery being successful in Europe, but this is absolutely not going to work in USA.
A better comparison is the 27k$ made in china BYD seal vs the 38k$ made in USA Tesla model 3.
And also there is a massive price EV price war in China. I don’t believe any of their EV manufacturers is currently making money at those prices.
Even when they exports to lower income countries like Thailand, they are significantly more expensive.
The end result is that basically no one will be subject to this tax bracket.
It is high enough that everyone at that level will mainly get their real income from stock/loan which aren’t salaries.
Having this tax bracket or not having it is, basically the same for the super wealthy. The real method to tax them is through capital tax, not income.