From Torque News.

In a candid interview, Ford Motor Executive Chairman Bill Ford Jr. expressed concerns about China’s rapid development and dominance in the electric vehicle (EV) industry, despite Tesla’s current leadership in the field.

He cautioned that the United States is not adequately prepared to compete with China’s production capabilities, urging a proactive approach to ensure future competitiveness. This video delves into the chairman’s remarks, explores China’s growing influence in the global auto industry, and examines the steps being taken to address this evolving landscape.

China’s Swift Progress and the Global Auto Industry:

Ford Jr. acknowledged China’s remarkable progress in the electric vehicle sector, citing their rapid development and large-scale production capabilities. China has positioned itself to become the world’s second-largest exporter of passenger vehicles, potentially reshaping the global auto industry and posing a challenge to traditional car exporters such as Germany.

Last year alone, China’s overseas shipments of cars exceeded 2.5 million, tripling since 2020. As the country expands its exports, it aims to disrupt the dominance of key players in the EV market, including Tesla.

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#FordChairman #ElectricVehicles #ChineseEVs #Tesla #BillFord #ford

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.

Reference
Fortune https://fortune.com/2023/06/18/ford-chairman-says-america-unprepared-to-compete-with-china-in-electric-vehicles/
Torque News Ford. https://www.torquenews.com/video/ford-chairman-makes-candid-warning-about-chinese-evs-despite-teslas-leadership