Ford CEO Jim Farley Says It's 'Too Late' to Save Europe From Chinese EVs, Warns the U.S. Must 'Be Extremely Careful' Before They Arrive Here

详细摘要

Some of the world’s best-selling electric cars still can’t be bought in America. Supporters of a permanent ban are racing to keep it that way before Congress wraps up its session next month. Ford Motor Co. CEO Jim Farley has...

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Some of the world's best-selling electric cars still can't be bought in America. Supporters of a permanent ban are racing to keep it that way before Congress wraps up its session next month.

Ford Motor Co. CEO Jim Farley has already made his case, and he's pointing across the Atlantic as Exhibit A.

"I think it's just important for us to take our time to be considerate," Farley said at the Automotive News Congress in Detroit on Sept. 29. "I watch what's happening in Europe right now, where that was not the case, and it's really something that they have to deal with now, and it's too late."

He said the U.S. must "be extremely careful around how the Chinese OEMs come to our country."

Chinese brands were barely a blip in Europe in 2020. In August, they registered 97,639 vehicles there, more than double a year earlier, for a record 11.7% of the market, according to Dataforce figures as reported by Bloomberg.

The shift is happening closer to home, too. Farley said a quarter of the vehicles sold in Mexico are now sourced from China.

Ford isn't steering clear of Chinese companies altogether. In July, it announced a joint venture with Geely Automobile Holdings Ltd. at its plant in Valencia, Spain, where Geely plans to build two electric SUVs starting in 2028. Ford will own 66% of the venture.

Ford also licenses battery technology from Contemporary Amperex Technology Co. Ltd. (HKEX:3750) for its plant in Marshall, Michigan.

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