There have been previous reports that Ford will separate the electric vehicle business from the fuel vehicle business and operate separately, and Ford CEO Jim Farley recently denied the news. At the same time, Jim Farley also said that Tesla and NIO are its main competitors in the field of electric vehicles, and Ford must catch up with these two electric vehicle brands.
According to Ford's future electric vehicle planning, Ford will invest more than $30 billion in electric vehicles by 2030, and will invest 10 billion to 20 billion yuan in the next five years to transform existing factories into electric vehicle factories. In addition, in order to surpass Tesla, Ford plans to increase the production of electric vehicles to 600,000 vehicles within two years, and Jim Farley is very confident that the brand will surpass Tesla and Niolai.