Overview
- Ford called the Financial Times report "completely false" in a Sunday statement.
- Xiaomi said reports of joint-venture talks with Ford are false, stating it does not sell products or services in the United States nor is it negotiating to do so.
- The FT story cited four people familiar with preliminary discussions, a claim Reuters said it could not immediately verify.
- U.S. policy currently imposes 100% tariffs on Chinese-made vehicles, with bans on Chinese software or hardware in connected cars further limiting potential market entry.
- Congressional scrutiny remains active, with Rep. John Moolenaar pressing Ford over potential plans with BYD and raising concerns about CATL-linked battery activities.