Huan Qiu Wang·2025-11-12 09:01Core Insights - Ford's CEO Jim Farley expressed shock after analyzing Tesla and Chinese electric vehicle (EV) brands, realizing they are significantly ahead in the market, prompting a comprehensive reform within Ford [1][3] Group 1: Competitive Analysis - Disassembling competitors' products is a common practice in the automotive industry, and Ford's analysis of the Tesla Model 3 and Chinese vehicles revealed surprising findings [3] - Ford's Mustang Mach-E has approximately 1.6 kilometers more wiring than Tesla vehicles, which increases weight and necessitates larger, more expensive batteries [3] Group 2: Market Dynamics - Chinese automakers are surpassing most Western competitors by launching a range of technologically advanced and affordable electric vehicle models, rapidly capturing market share in Europe and other emerging markets [3] - The electric vehicle market in China is experiencing explosive growth, with Farley stating that Ford will not abandon its electric vehicle initiatives [3] Group 3: Perception of Chinese EVs - Farley has previously acknowledged the rise of Chinese EV companies as a "threat" to Western manufacturers but has also shown admiration for their products, having driven a Xiaomi electric vehicle for six months [3] - In June, Farley stated that Chinese electric vehicles are "far superior" to their Western counterparts, and in October, he noted that Chinese brands are "completely dominating" the global electric vehicle market landscape [3]