Xiaomi Auto enters the U.S.? Reports say Ford is exploring a joint venture with Xiaomi to establish an electric vehicle company
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Ford Motor Company is in preliminary talks with Chinese electric vehicle manufacturer Xiaomi to explore the establishment of a joint venture in the United States to manufacture electric vehicles. Although Ford has denied the related reports, this move could provide an opportunity for Chinese car manufacturers to enter the U.S. market. Ford CEO Jim Farley supports Chinese electric vehicles and has previously imported Xiaomi models. Analysts point out that Ford faces challenges from Chinese electric vehicles entering the U.S. market, as it has halted production of several models in key markets, and its transformation process has stagnated
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