Ford CEO cites Xiaomi SU7 success, acknowledges EV market challenges after driving it six months in Chicago.

Ford CEO Jim Farley praised the Xiaomi SU7 electric sedan as "fantastic" after driving it for six months in Chicago. He noted its strong sales in China, where it sold out for six months, and highlighted the competitive edge of Chinese EV manufacturers. Farley acknowledged the challenges Ford faces in the EV market, prompting a reevaluation of the company's strategy in response to the growing influence of Chinese automakers.

October 23, 2024
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