Ford CEO Jim Farley is prioritizing competition from Chinese electric vehicle manufacturers over Tesla, citing a lack of substantial updates to the American company's lineup. In a recent interview, Farley revealed he spent six months driving the Xiaomi SU7—an EV from the Chinese smartphone giant—and praised BYD as "the best in the business."
While Tesla has introduced redesigns for its Model Y and Model 3, critics argue these changes are incremental compared to the rapid improvements seen in China. Ford now aims to mimic strategies from these overseas rivals to maintain global relevance. Read the full story at Fortune (subscription).
Source · Fortune
