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this post was submitted on 01 Jul 2025
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Fuck Cars
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Honestly, if I was a Ford shareholder, I would be dumping my shares as fast as possible - there's no coming back from an open admission of defeat like that. He flat out said they can't win, the barriers of entry are too high, and the key one (software like Xiaomi) doesn't even really exist yet.
As others point out, the western automakers did this to themselves. Hoo boy did China out capitalism. Ironic
The F150 is America’s best selling vehicle and has been for the last 40+ years.
Yes, but the dynamics of demand is rapidly changing. Look at the micromobility sector - there was nothing 5ish years ago, and now scooter and ebikes are everywhere.
the only thing keeping Chinese vehicles out are trade restrictions. Look at Europe: VW is in dire straights because they can't compete with Chinese EVs.
To be fair, VW is in it mainly because of Diesel gate and the several billions they owe because of it, but yeah as a consequence they also severely lack innovation especially in EVs