"Ford Explores Affordable EVs and Partnerships to Compete with Chinese Automakers"
TL;DR
Ford's CEO, Jim Farley, is open to partnering with competitors to develop affordable EVs in order to compete with low-cost Chinese EV makers. The company is pivoting to smaller EV platforms and has been secretly working on a low-cost EV platform to rival Chinese automakers. Despite the urgency in Ford's recent comments, the automaker is still cutting EV production in the US while pushing back major EV initiatives. This comes as overseas rivals like Volvo are already ahead with new EVs.
- Ford moves to more affordable EVs, says its open to partnering Electrek.co
- Ford Model e COO: 'We don't have a future' if EV market lost to Chinese automakers Detroit News
- Ford 'better get going' or it will lose out to cheaper Chinese EVs Electrek.co
- Ford, GM CEOs open to partnerships to compete with China Reuters
- Ford Sees 'Colossal' Competitive Threat in Low-Cost Chinese EVs Bloomberg
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