this post was submitted on 29 Oct 2024
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Automotive Industry
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Ford CEO wants to understand the competition. Nothing to see here.
I want you guys to keep in mind that the prices for these Chinese cars are heavily subsidized by the Chinese government. They are intentionally dumping the price to kill competition, similar tactics that Amazon does. Except instead of a company, it's a foreign adversary.
As electric cars should be. Any more sustainable technology should be.
I agree. We should subsidize more than we already do with electric cars.
Yep. The answer is either shut down Chinese car imports or compete by making subsidized vehicles too. To compete would mean each competitor grows too as the technology and resources are cutting edge, building a solid foundation for future developments. We have to compete because of the potential impactful battery and electric motor technology will have in future.
Ford is seeing where they need to be to compete, recognizing they aren't there, and is wooing a business partner to help share technology. They may also just import and rebadge the cars and want to help spread the idea that Chinese cars are a hidden luxury so no one feels like Ford is importing cheap crap.
I agree. America has deeper pockets than China. They can go hard, but we can go harder.
We need better battery tech. That is the missing step to full electrification.