Ford chairman says US can't yet compete with China on EVs - CNN interview | Inquirer Business

Ford chairman says US can’t yet compete with China on EVs – CNN interview

/ 12:48 PM June 19, 2023

Fort Motor Co. chief executive Bill Ford

Ford Motor Co. chief executive Bill Ford announces Ford will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan U.S., Feb 13, 2023. REUTERS/Rebecca Cook/File photo

Ford Motor executive chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles.

“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 program. “They’re not here but they’ll come here we think, at some point, we need to be ready, and we’re getting ready,” Ford said.


In February, the automaker announced plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan in a deal which involved using technology from Chinese battery company CATL, attracting attention from U.S. Senator Marco Rubio who asked the Biden administration to review the deal.


Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program 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’ll be our employees, and all we’re doing is licensing the technology. That’s it.” he said.

Ford CEO Jim Farley said in May that Chinese electric vehicle makers are 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.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: China, competition, electric vehicle, ford

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.