Ford Motor’s Executive Chairman, Bill Ford, stated that the United States must still prepare to compete with China in electric vehicle production, citing China’s rapid development and large-scale production, Reuters informed.

According to Ford Motor’s Executive Chairman, Bill Ford, the United States needs to prepare to compete with China in producing electric vehicles, Reuters reported.

He acknowledged China’s rapid development and large-scale production of electric vehicles, stating that although they are currently exporting them, they are likely to enter the U.S. market, Reuters said.

Ford emphasized the need for the U.S. to be ready and stated that they are actively preparing for this competition, Reuters added.

In February, Ford announced plans to invest $3.5 billion in a Michigan-based electric vehicle battery plant, which involved collaborating with Chinese battery company CATL, Reuters indicated.

Bill Ford clarified that the Michigan plant allows Ford engineers to learn the technology and eventually utilize it themselves, as it is a wholly owned Ford facility where they will license the technology, Reuters communicated.

Ford’s CEO, Jim Farley, also acknowledged that Chinese electric vehicle makers are their main competitors in the sector and highlighted the importance of distinctive branding or lower costs to surpass them, Reuters explained.

Miroslava Salazar with Reuters

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