Ford CEO Jim Farley Warns Chinese EVs Threaten U.S. Market, Plans $30K Model

Jim Farley emphasizes the competitive challenge posed by Chinese EV makers like BYD in North America. Ford aims to counter this threat by developing an affordable $30,000 electric vehicle inspired by BYD's low-cost battery tech. The strategy highlights the ongoing importance of cost innovation in the global EV race, with further developments likely as Ford accelerates its EV plans.