Xin Lang Cai Jing·2025-12-19 10:12Group 1 - Elon Musk stated that driving a traditional gasoline vehicle is as outdated as using a flip phone while riding a horse, emphasizing that the future competitiveness of cars will stem from intelligence and automation [1] - Ford announced an asset write-down of approximately $19.5 billion due to restructuring its electric vehicle business, shifting focus to higher-return opportunities and optimizing its electric vehicle-related assets and product roadmap [2] - Ford will no longer produce the F-150 Lightning all-electric pickup truck, instead opting to manufacture a hybrid version due to lower-than-expected demand and high costs [2] Group 2 - Ford aims for about 50% of its global sales to be hybrid, extended-range electric, and pure electric vehicles by 2030, up from the current 17% [3] - LG Energy Solution disclosed that Ford has canceled a $6.5 billion electric vehicle battery procurement contract [4] - Musk's recent comments on Ford's shift in electric strategy highlight a broader industry perspective that electric vehicles are fundamentally better platforms for automation, not just for emission reduction [6]