Ford CEO's Electric Vehicle Revelation: Lessons from China

Ford CEO Jim Farley shares insights on the electric vehicle market, revealing a humbling lesson from Tesla and Chinese automakers. Despite Model es financial struggles, Farley emphasizes Fords need to stay competitive, especially against Chinese manufacturers. After visiting China, Farley notes the superior in-vehicle technology and cost efficiency of Chinese EVs. He discovers that Fords Mustang Mach-E has more wiring than a Tesla Model 3, leading Ford to shift investment from Model e to Ford Pro, their commercial vehicle fleet business. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.