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Automotive Strategy · China Partnerships · Ford · Jim Farley
Ford CEO Jim Farley reversed his stance on Chinese automakers, stating the company will expand partnerships globally just days after advocating to keep them out of the U.S., emphasizing their value in competition.
Farley initially told Fox News on April 13, "We should keep them out of our country." However, on April 15, during a reorganization discussion, he clarified his position, stating, "We value our Chinese partners, they help us stay sharp and compete in many markets around the world. We will continue to expand these partnerships." He added that he had "no news" to announce regarding specific deals.
Ford has been in discussions with Zhejiang Geely Holding Group Co. about sharing manufacturing capacity in Europe and with BYD Co.
about supplying batteries for gas-electric hybrid vehicles. In China, Ford maintains alliances with Chongqing Changan Automobile and Jiangling Motors Corp.
Farley previously told Trump administration officials that Chinese carmakers building in America must form joint ventures with U.S. automakers holding controlling stakes. He clarified his intent is to advocate for a strong U.S. auto industry, not to be "anti anything or against anyone," and stressed that global automakers must "become fit like the best of the Chinese" to survive.
