What Scared Ford’s CEO in China
By Mike Colias, The Wall Street Journal.
Excerpt: What the Ford Motor chief executive [Jim Farley] found during the May visit made him anxious: The local automakers were pulling away in the electric-vehicle race. ...The Chinese carmakers are moving at light speed, he told Thornton, a former Goldman Sachs executive who spent years as a senior banker in China. They are using artificial intelligence and other tech in cars that is unlike anything available in the U.S. These Chinese EV makers are using a low-cost supply base to undercut the competition on price, offering slick digital features and aggressively expanding to overseas markets. ...
Chinese brands have so far been kept out of the U.S. by steep tariffs, geopolitical tensions and regulatory hurdles. But some have established a toehold in Mexico, where China-built vehicles—both EVs and combustion-engine vehicles—now account for about 20% of sales....
Chinese brands have so far been kept out of the U.S. by steep tariffs, geopolitical tensions and regulatory hurdles. But some have established a toehold in Mexico, where China-built vehicles—both EVs and combustion-engine vehicles—now account for about 20% of sales....
See also chart of worldwide electric car sales - https://www.iea.org/data-and-statistics/charts/electric-car-sales-2012-2024.