Facing such fancy Chinese EVs, do Western carmakers even have a future?
https://www.theglobeandmail.com/busi...makers-future/
Excerpt:
The global EV market is where the battle will be won and lost – and that’s where Chinese-made products dominate. Of the 17 million EVs sold worldwide in 2024, Chinese vehicles accounted for more than 11 million.
While the legacy automakers are feeling the heat, Tesla is not immune. Its once dominant share of the U.S. market has been cut almost in half.
Excerpt:
Despite the steep climb ahead, Ford has no choice but to double down on its EV aspirations. It is planning a single EV platform that will underpin eight body styles. And it has vowed to do it all at costs that are competitive with Chinese rivals and appealing to car buyers, many of whom have balked at going electric because of high sticker prices.
Ford has a lot to do to meet the expectations of Mr. Farley, who said he was stunned by China’s EV superiority during several visits there over the past year.
“It’s the most humbling thing I have ever seen,” he said. “They have far superior in-vehicle technology.”
“Beyond that,” he added, “their cost, their quality of their vehicles is far superior to what I see in the West.”