Reported 2 months ago
Ford Motor Company faces mounting pressures from increasing competition in the electric vehicle market, particularly from well-funded Chinese companies and a newly formed Japanese automaker alliance. This alliance, involving Nissan, Honda, and Mitsubishi, aims to develop next-generation EVs and software to better compete with global rivals. Ford has been working on a lower-cost EV platform to respond to these threats, targeting a price point that may attract mainstream consumers by 2026. While investors shouldn't panic, they need to closely monitor these developments as the next two years are crucial for Ford's future in the EV sector.
Source: YAHOO