Bill Ford Jr., executive chairman of Ford Motor Co., stated that his business is putting “all hands on deck” to prepare for electric vehicles because the US is “not quite ready” to compete with China in the manufacture of EV’s.
According to Bill, China has developed very quickly, and they’ve developed them on a large scale, and now they are exporting. China is on track to overtake the United States as the second-largest exporter of passenger cars, which could fundamentally alter the global auto market and challenge the dominance of its rivals and trading partners in the auto sector.
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