Hyperdrive
Ford Chairman Says US Can’t Yet Compete Against China With EVs
- Ford tells CNN “we’re getting ready” for the competition
- China has been steadily closing in on global vehicle exports
This article is for subscribers only.
Ford Motor Co. Executive Chairman Bill Ford Jr. said the US is “not quite yet ready” to compete with China in the production of electric vehicles and said his company is taking an “all hands on deck” approach to prepare.
“They developed very quickly, and they’ve developed them in large scale, and now they are exporting,” Ford said in an interview on CNN’s Fareed Zakaria GPS. “They are not here, but they will come here we think at some point and we need to be ready, and we’re getting ready.”