Ford CEO Jim Farley says China is its biggest competitor in the electric vehicle market as it looks to compete with the likes of BYD, Geely, SAIC Motor, and Great Wall Motor.
At the recent Morgan Stanley Sustainable Finance Summit conference, Mr Farley addressed concerns regarding Chinese brands taking over global market share as they continue to release “new competitive products”.
“They produce 70 per cent of electric vehicles in the world in China, 70. And the winners…
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