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.
Hyundai Automotive South Africa officially opened Hyundai Midrand, a new dealership aimed at strengthening the brand’s presence in Gauteng and responding to growing customer demand in one of the province’s fastest-growing commercial corridors.
Stellantis is accelerating its push into software defined vehicles through an expanded partnership with Qualcomm Technologies that will bring more advanced driver assistance, connectivity and in car digital systems to its next generation vehicles.
The compact SUV market in South Africa has gained a new contender with the arrival of the GAC Emzoom Nova. It joins the existing Emzoom Executive and Emzoom R‑Style models, broadening the range offered by Salvador Caetano South Africa, the official distributor of GAC Motor.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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When engineers want to understand how a product is built, they carry out a teardown. This involves dismantling the item piece by piece to study its design, materials and performance.
Two new off-grid, solar-powered charging stations for electric vehicles (EV) have been switched on as part of the Zero Carbon Charge (CHARGE) network.
House lawmakers in the United States (US) have proposed bipartisan legislation that would require electric vehicles (EVs) to pay a R2 227 ($130) fee annually for road repairs, and R578 ($35) for some plug-in hybrid models, according to Reuters.
