Ford Motor Company Chairman, Bill Ford, told a major news network in the US that the Yanks cannot yet compete with China when it comes to EVs, according to Reuters.
"They developed very quickly, and they developed them in large scale. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday programme. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Bill says.
In February, the automaker announced plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan in a deal that involved using technology from Chinese battery company CATL, attracting attention from a US Senator who asked the Biden administration to review the deal.
Bill Ford, who is the great-grandson of company founder Henry Ford, said in the programme that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves.
"It (Michigan) is a wholly owned Ford facility. They will be our employees, and all we are doing is licensing the technology. That’s it," he says.
Ford CEO, Jim Farley, said in May that Chinese electric vehicle makers were its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.
"I think we see the Chinese as the main competitor, not GM or Toyota. The Chinese are going to be the powerhouse," he said.
Volvo Car South Africa (VCSA) is closing Transport Month with a historic milestone in electric mobility: the EX30 Cross Country has become the first fully electric vehicle (BEV) to successfully ascend Sani Pass, one of South Africa’s most iconic and demanding mountain routes.
The name tells the story – Basadi Automotive Group. Basadi, the Sesotho word for women, was chosen by a woman who, against all odds but with an unwavering belief in God, decided in 2018 or so to go it alone in the male-dominated automotive industry.
Stellantis has announced a new collaboration with NVIDIA, Uber Technologies Inc and Foxconn to explore the joint development and future deployment of *Level 4 (driverless) autonomous vehicles for robotaxi services worldwide.
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You can't build a reputation on what you are going to do.
Henry Ford
Volvo Car South Africa (VCSA) is closing Transport Month with a historic milestone in electric mobility: the EX30 Cross Country has become the first fully electric vehicle (BEV) to successfully ascend Sani Pass, one of South Africa’s most iconic and demanding mountain routes.
BYD says the arrival of the Sea Lion 5 marks another milestone in the manufacturer’s mission to help solve South Africa’s energy and mobility challenges, not just selling vehicles.
BYD (Build Your Dreams) is rapidly expanding its footprint in South Africa with a series of major investments aimed at accelerating the country’s transition to electric mobility.
