Ford's CEO said he chose to test-drive a Xiaomi and not a Tesla because the latter doesn't have an 'updated vehicle' [View all]
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Source: Business Insider
"Nothing against Tesla — they've been doing great — but they really don't have an updated vehicle," he said to Safian.
He said Chinese car brands like BYD are the "best in the business," considering their cost, supply chain, and manufacturing expertise.
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Farley said China's progress in automobiles is something to be feared and respected, a message he has repeated several times in recent years.
In 2024, Farley said in a podcast interview that he had been driving a Xiaomi SU7 for six months and did not want to give it up. And earlier in April, he said on "Fox & Friends" that Chinese cars entering the US would be "devastating" to the US's manufacturing industry, which he called the "heart and soul" of the country.
Read more: https://www.businessinsider.com/ford-ceo-jim-farley-xiaomi-tesla-chinese-ev-2026-4
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