The Business Times
SUBSCRIBERS

Electric car future will belong to China, says Ford chairman

Published Wed, Dec 6, 2017 · 09:50 PM

Shanghai

THE world's vehicle makers are just starting to bet on an electric car future - and already, one of the most powerful people in the industry says that future belongs to China.

The Ford Motor Co said on Tuesday that it planned to introduce 15 battery electric or plug-in gasoline-electric hybrid car models in China by 2025. Speaking in Shanghai, William C Ford Jr, Ford Motor's longtime executive chairman, outlined why in an unusually blunt comment. He said: "When I think of where EVs (electric vehicles) are going, it's clearly the case that China will lead the world in EV development." Ford is far from alone. General Motors, Volkswagen, Daimler and other carmakers have put big bets on the market for electric cars in China in recent months.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here