Ford has a new plan to compete with Chinese EVs: If you can’t beat ’em, join ’em

Ford is reportedly nearing a partnership with Chinese automaker Geely, aimed at optimizing underused manufacturing facilities in Europe. This collaboration is expected to extend beyond mere sharing of production space, indicating a strategic move to enhance competitiveness against the growing presence of Chinese electric vehicles (EVs) in the global market. This development highlights a significant trend in the automotive industry, where traditional manufacturers are increasingly seeking alliances with foreign companies to bolster their market positions. The partnership reflects a broader strategy of collaboration over competition, particularly as the EV sector becomes more saturated and competitive. Historically, automakers have often turned to partnerships to leverage shared resources and expertise, a pattern that can be traced back to various joint ventures in the industry. This approach not only allows companies to reduce costs but also accelerates innovation and adaptation to rapidly changing consumer demands. As the global automotive landscape evolves, such collaborations may become essential for survival, particularly for Western manufacturers facing intense competition from established and emerging players in the EV market.