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Farley: Chinese automakers becoming EV 'powerhouse'

Ford CEO Jim Farley
Ford CEO Jim Farley announced in February the automaker will partner with China's CATL to build an EV battery plant in Michigan. "We have a decision to make here in the U.S.," Farley said Thursday. "If battery localizing their technology in the U.S. gets caught up in politics - you know the customer is really going to get screwed." (REUTERS)
DS
By:
DAVID SHEPARDSON
R
By:
Reuters
|
May 26, 2023 01:41 PM

Ford Motor Co. CEO Jim Farley says Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale.

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