Car giants admit they may not be able to fight cheap Chinese electric cars alone

20 February 2024, 9:38 am

The Other Dimension
Car giants admit they may not be able to fight cheap Chinese electric cars alone
Image: CarExpert
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Car giants admit they may not be able to fight cheap Chinese electric cars alone
Image: CarExpert

AutoExec Summary
Ford and General Motors are considering partnering with other companies to combat competition from cheap Chinese electric vehicles. Both CEOs expressed interest in cost-cutting partnerships, particularly in battery technology. BYD’s expansion into global markets, including the US, is causing concern for the American automakers. Ford and GM are under pressure to reduce EV development costs and deliver more cash to investors. Both companies have previously partnered with other entities on EVs.

Brands mentioned: Ford, General Motors (GM), BYD, Tesla, Chevrolet, Volkswagen, Honda,

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