Group 1 - Ford Motor Company announced a $19.5 billion charge on its electric vehicle (EV) related assets, including $5.5 billion in cash effects primarily due in 2026 and 2027 [1] - The company is shifting its focus from various EV programs to invest in a Universal EV Platform aimed at producing smaller, affordable models [1] - The EV market has seen a surge in new models due to accelerated investment during lockdowns, but nearly all new models, including Ford's, have been unprofitable [2][3] Group 2 - The introduction of new models in 2024 and 2025 has led to a loss of market share for Tesla, although Tesla has remained profitable and cash-generative [4] - Ford's actions may indicate a trend where automakers cannot sustain large losses while trying to capture market share, positioning Tesla as a likely winner in the EV market [6] - The challenge in the EV sector is to produce profitable models, with only BYD from China currently able to compete with Tesla on profitability [7]

Group 1 - Ford Motor Company has canceled a $6.5 billion battery contract with LG Energy Solution, which accounted for over one-third of LG's total revenue last year, due to a reduction in its electric vehicle development plans [2] - LG Energy is the latest company affected by Ford's restructuring of its electric vehicle business, which includes a $19.5 billion charge and the cancellation of its planned all-electric F-series pickup project [2] - Ford will also exit its battery joint venture with SK On, a subsidiary of South Korea's SK Innovation [2] Group 2 - Lantu Automotive has signed a ten-year cooperation agreement with CATL, focusing on battery technology research and development, product supply, and global market collaboration [2] - Under the agreement, CATL will prioritize supplying Lantu with its advanced battery products and will work on joint innovations in areas such as battery swapping and integrated electric drive chassis [2] - The two companies will also collaborate on marketing and channel coordination in overseas markets [2] Group 3 - XPeng Motors has reported illegal "power theft" activities involving criminals using illegal devices and fake user accounts, and has filed a report with the police [2] - Some cases have been successfully solved, with key suspects arrested for theft and fraud [2] - XPeng expresses gratitude to law enforcement for their efficient handling of the cases and emphasizes its commitment to protecting its legal rights and consumer interests [2] Group 4 - Honda has confirmed a temporary production halt at its joint venture factory with GAC Group in China due to supply issues with Nexperia semiconductors, effective from December 29 for three days [2] - The Honda factory in Japan will also experience production downtime starting January 5, 2026, with reduced output planned for January 7-9 [2]

近日，特斯拉CEO埃隆·马斯克社交媒体平台就"福特收缩电动汽车战略"的相关消息公开发声，言辞一如既往地尖锐。 事情的导火索，源于一位网友对福特电动化逻辑的评论。该网友指出，福特等传统车企仍将"减少碳排放"视作发展电动汽车的核心动因，本身就暴露出其对 产业变革理解的滞后。在其看来，减排只是电动汽车的"副作用"，真正的本质在于——电动汽车是更优的自动驾驶与智能化平台。继续围绕内燃机体系修修 补补，就像在电灯普及之后还执意投资捕鲸船，方向性错误难以挽回。 马斯克对此表示"完全正确"，并进一步抛出了极具冲击力的类比：非自动驾驶的内燃机汽车，就像"骑着马、用着翻盖手机"，"你不可能把一个好主意硬塞 给传统行业，他们只是坚持去死。" 据悉，2025年12月，福特宣布重大收缩电动汽车战略，计提约195亿美元资产减记，聚焦盈利与性价比。核心举措包括停产纯电皮卡F-150 Lightning，下一 代转为增程版并移至密歇根组装；取消下一代电动厢式货车等大型纯电项目，暂停激进纯电扩张。同时，将资源转向混动、增程与低成本纯电，计划2027年 推出约3万美元中型电动皮卡，盘活电池产能发展储能业务，以应对成本高、盈利难与市场需求不及预 ...

Florida Governor Ron DeSantis (R) has said that the Ford Motor Co. (NYSE:F) F-150 Lightning EV pickup truck's production scrap could benefit Tesla Inc. (NASDAQ:TSLA) and its polarizing Cybertruck.Tesla Has A Strong Following, Says Ron DeSantisTaking to the social media platform X on Wednesday, DeSantis shared that Tesla has "a strong following," adding that the Cybertruck has become a popular choice among customers. He added that there was no reason to "think that following would transfer to Ford trucks."Je ...

Core Insights - The electric vehicle (EV) industry is entering a more uncertain and contested phase, with significant pullbacks from major manufacturers and a shift in regulatory timelines [1][12] - The European Commission has relaxed its aggressive timeline for phasing out internal combustion engines, allowing more time for manufacturers and consumers to transition [1][9] - Major automakers like Ford, General Motors, and Volkswagen are incurring substantial financial charges as they adjust their electric strategies, indicating a broader industry reckoning [2][6][7] Company-Specific Developments - Ford Motor Co. announced $19.5 billion in charges related to its retreat from an aggressive electric strategy, including the cancellation of a planned electric F-Series truck line and a shift towards gas and hybrid vehicles [1][11] - General Motors incurred $1.6 billion in charges tied to reducing EV production capacity and has indicated that more such moves may follow [6][12] - Volkswagen AG is ceasing production of its electric ID.3 hatchbacks, marking the first time in 88 years that it will halt production at a German assembly plant, and has booked €4.7 billion ($5.5 billion) in charges related to its subsidiary Porsche AG's retreat from EVs [7][13] Industry Trends - Tesla Inc. is experiencing a decline in worldwide vehicle deliveries, poised to drop for the second consecutive year, as the company's focus shifts away from its initial electric vehicle goals [3][12] - The transition to EVs is not being abandoned, with industry leaders like GM reaffirming their commitment to electric vehicles as a long-term strategy [8][12] - Despite the challenges, the EV segment is still growing, but sales are not increasing at the pace required to meet future targets set by policymakers [9][12]

Group 1 - Elon Musk criticized traditional automotive companies, suggesting that non-autonomous fuel vehicles are outdated and will inevitably decline [1] - Ford announced a significant shift in its electric vehicle strategy due to lower-than-expected market demand, high costs, and changing regulatory environments, leading to the cancellation of several electric vehicle projects, including the F-150 Lightning and the next-generation electric van [2] - Ford's strategic adjustment will incur approximately $19.5 billion in expenses, with $500 million related to asset impairment in its Model e division and around $6 billion associated with dissolving a battery joint venture [2] Group 2 - Musk emphasized that the key competitive advantage in the automotive industry lies in smart technology rather than the choice between electric and fuel energy sources [3] - A social media user commented that traditional automakers misunderstand the purpose of electric vehicles, which is fundamentally about creating better autonomous driving platforms, a view Musk agreed with [4] - Tesla has begun testing its autonomous taxi service without safety drivers, and the stock market remains optimistic about autonomous driving, with Tesla's stock reaching a record closing high of approximately $1.63 trillion in market capitalization [4]

导读：福特放弃全面电动化转型的计划波及供应链。 福特汽车已于本周一宣布计提195亿美元（约合人民币1400.10亿元）的资产减值，并取消多款电动车 型。 据悉，在福特计提的195亿美元资产减值中，约85亿美元（约合人民币610.30亿元）与取消规划中的电 动车项目相关，约60亿美元（约合人民币430.80亿元）与解散其与韩国SK On的电池合资企业有关，另 有50亿美元（约合人民币359.00亿元）被归类为"项目相关费用"。 值得注意的是，2022年，SK On与福特曾投资114亿美元（约合人民币818.50亿元），在美国建设联合电 池工厂。 从目前来看，福特放弃全面电动化转型的影响范围正在进一步扩大。包括SK On和LG新能源在内，福 特的战略变动导致的损失已经开始蔓延到整个供应链。 本文系观察者网独家稿件，未经授权，不得转载。 （文 / 观察者网 周盛明 编辑 / 高莘） 据路透社报道，韩国电池制造商LG新能源当地时间12月17日表示，福特汽车已终止一项价值约9.6万亿 韩元（约合人民币510.70亿元）的电动车电池供应协议。 据悉，去年10月，LG新能源曾和福特签署两份协议，计划自2026年和2027年 ...

Core Viewpoint - Elon Musk stated that fuel vehicles without autonomous driving capabilities are akin to "riding a horse while using a flip phone," emphasizing the necessity of electric vehicles (EVs) and autonomous technology in the automotive industry [1][2][4]. Group 1: Tesla and Autonomous Driving - Musk's comments were a response to discussions about the electric transition of American automakers, highlighting that only Tesla and BYD have succeeded in the EV market [2]. - Jesse Peltan, co-founder of HODL Ranch, echoed Musk's sentiment, asserting that once cars achieve autonomous driving, the operational costs of fuel vehicles will become unsustainable [4]. Group 2: Ford's Challenges and Strategic Changes - Ford announced a $19.5 billion (approximately 137.67 billion RMB) asset impairment, canceling several EV models, with about $8.5 billion (approximately 60 billion RMB) related to the cancellation of planned EV projects [4]. - The company plans to replace the pure electric F-150 Lightning with a range-extended electric vehicle and has scrapped the next-generation pure electric pickup project [4]. - Ford aims to transform its Kentucky battery plant into a storage battery business, resulting in the layoff of approximately 1,600 employees during the transition [4]. Group 3: Future Projections and Market Needs - Ford expects that by 2030, hybrids, range-extended EVs, and pure EVs will collectively account for 50% of its global product mix, up from the current 17% [5]. - The CEO of Ford, Jim Farley, indicated that high battery costs are a critical factor hindering profitability for large EVs in the U.S., compounded by a retreat in consumer interest in EVs [6].

Core Viewpoint - Ford has announced a significant strategic shift by cutting back on electric vehicle (EV) development and production, focusing instead on hybrid models and smaller, more affordable electric vehicles, leading to an estimated $19.5 billion in related costs [2][6]. Group 1: Strategic Adjustments - The strategic adjustment is driven by two main factors: the cancellation of EV subsidies by the U.S. government and ongoing losses in Ford's EV business, which are projected to total $9 billion, $21 billion, $47 billion, and $51 billion from 2021 to 2024, with an additional $3.6 billion loss expected in the first three quarters of 2025 [3][5]. - Ford plans to reallocate capital to higher-return growth areas, including commercial vehicles, trucks, hybrid models, and battery storage [3][5]. - The production of the F-150 Lightning electric pickup truck will be halted due to low sales and high production costs, with resources redirected to more profitable fuel and hybrid versions [3][5]. Group 2: Production Changes - The next-generation F-150 Lightning, initially planned for production at the Blue Oval City factory in Tennessee, will now be adjusted to an extended-range version and produced in Michigan, with the factory being renamed to focus on fuel-powered trucks by 2029 [5]. - The Transit electric van project in Ohio has been canceled, with the factory set to switch to producing the next generation of fuel and hybrid vans by 2029 [5]. - Ford is shifting some battery production capacity from vehicle applications to energy storage systems, having ended its partnership with SK On and taking over two battery plants in Kentucky [5]. Group 3: Industry Context - Ford's strategic pivot coincides with a broader trend in the automotive industry, as major companies like General Motors, Volkswagen, Stellantis, Honda, and Nissan are also slowing their electric transition and focusing on hybrid models to mitigate risks [7][9]. - The global automotive industry is moving from aggressive electric vehicle strategies to a more diversified approach, balancing short-term profitability with long-term transformation [9].

Core Viewpoint - Ford is facing challenges in its electric vehicle (EV) division, leading to a significant $19.5 billion pre-tax write-down and a strategic shift towards hybrid and extended-range vehicles, while also launching a Battery Energy Storage System (BESS) business to capitalize on growing demand in the data center market [1][4]. Group 1: Financial Impact - Ford's stock is down approximately 2.4%, trading around $13.3, following the announcement of the write-down [1]. - The company has experienced a 28% gain in stock value over the past six months, which is now at risk due to the recent developments [1]. - The cancellation of a $6.5 billion battery agreement with LG Energy Solution poses a significant revenue risk for LG, equivalent to over a third of its total revenue last year [2]. Group 2: Strategic Shift - Ford plans to repurpose its existing battery manufacturing capacity in Glendale, Kentucky, to focus on the BESS market, investing around $2 billion over the next two years [4]. - The company aims to manufacture advanced battery energy storage systems with an initial capacity to be online within 18 months and plans to deploy at least 20 GWh annually by late 2027 [5]. Group 3: Market Opportunity - The demand for battery energy storage in data centers is driven by the AI boom, presenting a significant business opportunity for Ford [5]. - Newer data centers are being constructed at a pace that outstrips the capacity of traditional power utilities, indicating a growing need for alternative power solutions like battery systems [7]. - By 2028, only 40% of new data centers are expected to rely solely on the electricity grid, highlighting the potential for battery-based backup systems [7].