Ford CEO Jim Farley Praises Xiaomi's Electric Vehicle

Farley has been driving the Xiaomi SU7 for six months, highlighting China's dominance in the EV market.

Jim Farley, CEO of Ford, has been driving the Xiaomi SU7 EV, which he describes as fantastic and doesn't want to give up.
Farley acknowledges China's leading position in the global EV market, with Chinese EVs accounting for nearly 70% of global sales.
Xiaomi's SU7 has been a significant success in China, with monthly sales figures reaching 20,000 units and a six-month waiting list.
Ford is responding to the competitive threat from Chinese EV manufacturers by developing a new low-cost EV platform with a dedicated team in California.
Farley emphasizes the need for Western automakers to innovate and adapt quickly to compete with Chinese advancements in EV technology.