In an interview with The New York Times, Jim Farley, the CEO of Ford Motor Company, emphasized that to compete effectively in the global electric vehicle (EV) market, Ford must first learn from and leverage China's advanced technology. China has been a pioneer in EV battery manufacturing for several years, setting a benchmark for the West. To this end, Ford aims to acquire China's intellectual property rights and seamlessly integrate them into its innovative ecosystem, blending American creativity, economies of scale, and strong customer connections to rival the Chinese auto industry on a global scale.

Ford's ongoing construction of the BlueOval battery park underscores this commitment, with plans to utilize lithium iron phosphate batteries powered by technology from China's Contemporary Amperex Technology Co. Limited (CATL). Furthermore, Ford is developing an affordable small electric vehicle priced below $30,000, strategically positioning itself to compete directly with China's burgeoning market for cost-effective EVs.