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Bill Ford says China will beat US in electric cars – Business Insider

Once criticized for their lack of innovation, American car companies are making heavy investments in electric and autonomous cars. But Ford executive chairman William C. Ford Jr. thinks China will be the most promising market for the development and sale of electric vehicles, according to the New York Times .

“It’s clearly the case that China will lead the world in E.V. development,” Ford Jr. said on Tuesday while speaking in Shanghai.

This may explain why Ford recently announced a $756 million joint venture with Chinese auto company Zotye Auto to produce and sell electric cars in China. Ford hopes to have 15 models ready by 2025.

More www.businessinsider.com/bill-ford-says-china-will-beat-us-in-electric-cars-2017-12?r=UK&IR=T

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