Mmastodon TechnologyTechnology first seen 13 h ago, last 13 h ago, peak #11
Ford CEO says Europe is lost to Chinese EVs
Original: Ford CEO Says Europe Is Lost To Chinese Electric Vehicles https://gizmodo.com/ford-ceo-says-europe-is-lost-to-chinese-el
Ford's chief executive has said Europe is effectively lost to Chinese electric vehicle makers, a striking admission from the head of a century-old American carmaker. The remarks underline how Chinese manufacturers, helped by lower costs and faster EV development, have gained a strong foothold in the European market, forcing Western automakers to rethink their strategy.
Why now: A major US automaker's blunt concession about losing the European EV market to Chinese competitors is striking news in the auto industry.
FordChinaEuropeChinese EV manufacturers
Evidence
- Ford CEO Says Europe Is Lost To Chinese Electric Vehicles https://gizmodo.com/ford-ceo-says-europe-is-lost-to-chinese-electric-vehicles-2000820582 # Tech # Automotive # China · gizmodo@robot.villas · 3
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