Chinese EV seagull Emerges as Major Threat to US Auto Industry
TIMESOFINDIA.COM / May 14, 2024, 10:23 (IST)
Ford, recognizing BYD's threat, is developing a cost-effective small EV. Chinese EVs' rising presence in Europe, now holding 10% of the market, suggests they could expand globally and into the U.S. Ford CEO Jim Farley stresses the need for vigilance and adaptation in response to this competitive pressure.