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16 May
21:39

Ford to take the passenger seat in China

US carmaker Ford Motor Company will focus its resources and investment in China on commercial vehicles amid intense EV competition from domestic players, its ceo said on Tuesday. “If you just reinvest in a new cycle of EVs in China, there is no guarantee, or no data, that would suggest the western companies win,” Jim Farley told the Financial Times. “The [EV] winners in China turn out not to be the [traditional carmakers] … it’s act…
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