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Ford CEO: Chinese EVs Outpace Us, Time to Adapt

11/12/2025

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Summary

Story summary

Jim Farley, Ford Motor Company Chief Executive Officer, acknowledged that Chinese electric-vehicle manufacturers have a competitive edge after evaluating Tesla and rivals.
Farley noted that Ford's Mustang Mach-E uses more wiring than Tesla's Model 3, increasing cost and reducing efficiency.
Farley said Ford must adapt its EV strategy as Chinese brands dominate the market, where 50% of new-car sales in China are electric and 10% in the United States.

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Story summary

Jim Farley, Ford Motor Company Chief Executive Officer, acknowledged that Chinese electric-vehicle manufacturers have a competitive edge after evaluating Tesla and rivals.
Farley noted that Ford's Mustang Mach-E uses more wiring than Tesla's Model 3, increasing cost and reducing efficiency.
Farley said Ford must adapt its EV strategy as Chinese brands dominate the market, where 50% of new-car sales in China are electric and 10% in the United States.