Ford has a new plan to compete with Chinese EVs: If you can’t beat ’em, join ’em
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Ford is nearing a partnership with Geely to utilize underused manufacturing capacity in Europe, aiming to compete with Chinese EVs. This collaboration may extend beyond shared space, as Ford acknowledges the competitive threat posed by Chinese automakers in global markets. CEO Jim Farley emphasized the urgency of adapting to the evolving auto industry, highlighted by Ford's recent alliance with Renault to create more affordable electric vehicles.
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