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Ford Denies Xiaomi JV Amid EV Competition Concerns

2/1/2026

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Summary

Story summary

Ford Motor Company denied reports of a U.S. electric-vehicle joint venture with Xiaomi, calling the Financial Times claim "completely false."
Representative John Moolenaar warned Ford about risks of partnerships with Chinese firms and cited concerns among automakers and lawmakers about Chinese entrants.
North American automakers have reduced EV initiatives due to Chinese competition, and Ford announced a $19.5 billion writedown and plans to cut several EV models.

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Story summary

Ford Motor Company denied reports of a U.S. electric-vehicle joint venture with Xiaomi, calling the Financial Times claim "completely false."
Representative John Moolenaar warned Ford about risks of partnerships with Chinese firms and cited concerns among automakers and lawmakers about Chinese entrants.
North American automakers have reduced EV initiatives due to Chinese competition, and Ford announced a $19.5 billion writedown and plans to cut several EV models.