Bill Ford has told the media that the US can’t compete with China’s EVs. Neither on progress to date, nor technology, nor volumes, the mighty American motor industry is on the ropes – this was his summation.
The current Executive Chairman of the Ford Motor Company in Detroit went on to explain that the speed of development and the scale of manufacture were so big that China is now exporting their product.
“And they’ll come here”, he added. “So we have to be ready.”
The great-grandson of the legendary Henry Ford then made a statement which was akin to hitting the reset button on the entire stateside industry. “I think we see the Chinese as the main competitor, not GM or Toyota. The Chinese are going to be the powerhouse. The US can’t compete with China’s EVs. It’s as simple as that”, He closed, ominously.
It certainly lends credibility to the reasoning behind the auto company’s plan to build an electric battery plant. It will be deploying licensed technology from China’s CTL company. It’s going to cost Ford $3.5 billion but it will also serve as a valuable fast track learning process for Ford engineers. The Chairman insists this will ensure Ford’s competitiveness in this new era.
Of course a politician had to enter the picture, looking for any headlines that’ll help him in the run-up to next years’s election. A Senator jumped on the bandwagon because of the Chinese factor and asked Biden to investigate the deal. However, the plant will be operational in 2026.
Unless you’ve been asleep for the past twenty years or off-world, there have been some changes. The world is transitioning from fossil fuels to a more sustainable energies. Another country has moved faster than the United States. In the one manufacturing industry where they were the undisputed heavyweight champion for a hundred years; that’s an attention getter.
It seems the Chinese really do want us to live in interesting times.
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