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Ford CEO Says Europe Is Lost to Chinese EVs
Original: Ford CEO Says Europe Is Lost To Chinese Electric Vehicles
Ford's chief executive has said that Europe has been lost to Chinese electric vehicle makers, acknowledging the dominance Chinese manufacturers have built in the region's EV market. The blunt assessment highlights growing anxiety among Western automakers, who are struggling to compete with cheaper Chinese electric models as competition intensifies globally.
Why now: The stark admission by a major Western automaker about losing the European market to Chinese EV competition is striking news.
FordEuropeChinese electric vehicle makers
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