05 Jul 2025 | Abstracted from Business Insider
In referring to Chinese EV manufacturing, Ford CEO Jim Farley called it "the most humbling thing I have ever seen.""EV sales in China have far outpaced those in the US. Almost half of new car sales in the country last year were electric, compared just 10% in the US...the average price of an electric car in China was around $31,500 as of December..China has an incredibly broad range of EVs catering to the needs of the entire market... China's EVs are packed with futuristic tech"
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