Ford CEO Jim Farley warns it's too late for Europe to block Chinese automakers, but the US still has a chance.
Ford CEO Jim Farley stated on Tuesday that politicians should learn from Europe when deciding whether to allow Chinese automakers into the U.S. market. He noted that Chinese brands' market share in Europe has increased from almost zero in 2020 to 12% in August this year. Farley said Ford plans to collaborate with Chinese companies in regions such as Europe or Southeast Asia, while also launching products like the "general electric vehicle" pickup truck to compete. These remarks come after Chinese President Xi Jinping's visit to the U.S. last week and his meeting with Donald Trump, who had previously indicated he might "accept" Chinese automakers producing vehicles domestically in the U.S.
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