Ford CEO Jim Farley Drives Chinese Xiaomi EV

Ford CEO Jim Farley has publicly revealed his admiration for the Xiaomi SU7, a Chinese electric vehicle (EV), which he has been driving for the past six months. Despite Ford's significant investments in domestic EV production, Farley expressed his preference for the Xiaomi, citing its advanced technology and competitive pricing, with the base price of the SU7 around $30,000 compared to Ford's Mustang Mach-E starting at $39,995. He highlighted the high demand for the Xiaomi, indicating that it has a six-month waiting list due to its popularity. Farley referred to Xiaomi as an 'industry juggernaut' and acknowledged that Chinese manufacturers, like Xiaomi and Huawei, are significantly ahead in EV technology and integration compared to their Western counterparts. This admission comes at a time when the U.S. government is investing heavily in domestic EV production, aiming to compete with the dominance of Chinese automakers in the market. Farley's remarks have sparked discussions about the challenges faced by American automakers in keeping pace with advancements in the EV sector.