Part 1/9:
The Struggle of Legacy Automakers in the EV Landscape
In recent remarks, Ford's CEO, Jim Farley, made a bold admission that has implications for not just Ford, but the entire automotive industry. He stated that China is leading the United States by nearly a decade in electric vehicle (EV) battery technology. This stark assessment highlights the challenges legacy automakers face as they grapple with new market dynamics where their past advantages are rapidly fading.