Dearborn-based legacy automaker Ford Motor Co (NYSE:F) reportedly deems Chinese electric vehicle makers a looming threat that will eventually threaten their business in the United States.
What Happened: During a panel discussion on disruptive technology in Detroit, Ford’s EV unit’s chief operating officer Marin Gjaja termed Chinese EV makers a “colossal strategic threat,” Bloomberg reported.
Gjaja reportedly noted at the discussion that Chinese EV makers are ahead of their U.S. counterparts in technology and will eventually get around the heavy tariffs of 25% imposed by the U.S. on EV imports from China by buying factory space in Mexico.
"We look at that (Chinese EVs) and say, ...