Ford CEO Jim Farley has highlighted the Universal EV Platform as crucial in competing with Chinese automakers dominating the global industry. Farley praised Ford’s innovation and emphasized the platform as a key to success against international competition, aiming to deliver an EV pickup by 2027 with advanced design and manufacturing methods.

Farley expressed admiration for Chinese EV advancements while also pursuing partnerships with Chinese manufacturers for joint ventures in the U.S. Ford aims to leverage American innovation to compete globally. Meanwhile, Chinese EV giant BYD surpassed Ford’s global sales for the first time, selling over 4.6 million units last year. Ford is exploring partnerships with BYD for EV batteries amid a shift away from all-electric mobility.

Read more at Yahoo Finance: Jim Farley Says Ford’s Universal EV Platform Is Important To ‘Win Against China’