When Ford initially entered the electric vehicle market, there was considerable excitement and anticipation due to the growing demand for EVs among consumers. However, it seems that Ford may have been overly optimistic and lacked concrete plans to effectively compete in this rapidly evolving industry.
Despite their initial enthusiasm, Ford has encountered difficulties in establishing a strong foothold in the EV market. This is evident from their market performance and sales figures, which may have fallen short of their expectations and lagged behind some of their competitors.
Recognizing the challenges they face, the CEO of Ford has openly acknowledged that there are lessons to be learned from other automakers, specifically mentioning BYD.
Join us as we discuss what Ford’s CEO has said about BYD.
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