Ford CEO Calls China's EV Tech, Scale Far Superior
Ford CEO Calls China's EV Tech, Scale Far Superior

Ford CEO Calls China's EV Tech, Scale Far Superior

News summary

Ford CEO Jim Farley has expressed deep concern over the dominance and technological superiority of China's electric vehicle (EV) industry, describing it as "the most humbling thing I have ever seen." He highlighted that China produces 70% of all EVs globally and praised their advanced in-vehicle technology, noting features like automatic phone mirroring, AI companions, facial recognition, and seamless integration of tech giants Huawei and Xiaomi in the cars. Farley acknowledged that China's EVs surpass U.S. offerings in cost, quality, and digital experience, with Chinese companies benefiting from cheaper battery production and extensive government subsidies. Ford's struggles are evident in declining U.S. EV sales and a lack of presence in major global markets dominated by Chinese firms such as BYD. The American automaker is responding by creating a separate innovation team to develop affordable EVs, but Farley warned that losing competitiveness to China threatens Ford's future. The current U.S. 100% import tariffs on Chinese EVs have so far kept those vehicles out of the U.S. market, but their potential removal could severely impact American automakers.

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