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Farley emphasized that his concerns are not limited to battery production; rather, they extend into the realm of intellectual property (IP). With competition from Chinese EV brands growing fierce, Farley suggests that accessing China's technological innovations is essential for Ford and other American automakers. This sentiment underscores a significant trend: China is not just a manufacturing powerhouse, but also a technological leader in EVs and battery systems.
The statistics provided paint a daunting picture. Currently, Chinese battery manufacturers control about 85% of the global battery market, and while this figure may be debated, the implications remain clear. The technical expertise possessed by Chinese companies is establishing a disruptive edge in the global automotive landscape.