Licensing battery technology from China is the key to staying competitive with its automakers and eventually beating them, according to Jim Farley
China is years ahead of Western automakers in battery technology, according to Ford ’s CEO. Jim Farley told The New York Times that Ford must access China ’s battery IP if it wants to compete.
batteries use LFP chemistry, originally developed in the USA and later acquired by China. Ford desperately wants to head off the threat posed by the Chinese car industry, but it needs China’s own technical expertise to make it happen, according to the Blue Oval’s boss.
. Paying China for American technology That much we knew, but there’s something we didn’t know about ’s clever chemistry, and maybe you didn’t either: it was originally developed in the US and then picked up for pennies by the Chinese. Referencing an earlier Bloomberg story, the NYT explains how LFP was discovered by scientists at the University of Texas, then commercialized by A123 Systems LLC, a startup that received a ton of cash by the Obama administration.
China Electric Vehicles Ford Reports
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford CEO Says China Operations Earned $600 Million Despite Market ChallengesFord Motor CEO Jim Farley revealed that the company's operations in China earned roughly $600 million last year, highlighting a profitable performance despite challenging market conditions. Farley emphasized the company's success in making money in China, a feat not many automakers can claim. He attributed the earnings, in part, to the export of vehicles like the Lincoln Nautilus, which is produced exclusively in China for markets such as the U.S.
Read more »
New Braunfels Names Arlington Assistant Chief Osbaldo Flores as New Police ChiefNew Braunfels has chosen Osbaldo Flores, the assistant chief in Arlington, Texas, to lead its police department. Flores was selected from a pool of 39 candidates and will replace retiring Chief Keith Lane. City officials highlight Flores' extensive experience, community engagement, and strategic vision for public safety.
Read more »
Glendale Police Chief Chris Briggs Retires After 30-Year CareerGlendale Police Chief Chris Briggs is retiring after a 30-year career in law enforcement. Chief Briggs joined the Glendale Police Department in 1992 and worked his way up to the rank of assistant chief before being appointed interim chief in 2019. His interim appointment became permanent in late 2019. Briggs' last day as chief is February 28th. Assistant Chief Colby Brandt will serve as interim police chief until a permanent replacement is found.
Read more »
Ford Makes Money in China Despite Market ChallengesFord CEO Jim Farley revealed that Ford's operations in China earned approximately $600 million last year, highlighting the company's profitability in a challenging market. Farley attributed this success to Ford's strategy of exporting vehicles produced in China, such as the Lincoln Nautilus, to other markets like the U.S.
Read more »
Ford Makes Money in China Despite Tough MarketFord CEO Jim Farley revealed that the company's operations in China generated $600 million in profit last year, defying the challenges faced by automakers in the region.
Read more »
Ford CEO Jim Farley Says 'No More Boring Cars' as Company Focuses on SUVs, Trucks, and Performance VehiclesFord CEO Jim Farley has made it clear that the company is moving away from producing 'boring' vehicles, focusing instead on SUVs, trucks, and performance vehicles. Farley stated that Ford will no longer produce commodity products like the Ford Edge and Ford Escape, emphasizing a shift towards 'passion brands' like the Mustang and Bronco. He also reiterated Ford's commitment to producing V8-powered vehicles for as long as possible.
Read more »