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International Business Times UK

Marie Joy Toledo

Ford CEO Jim Farley Warns Tesla's Glory Days Are Numbered — and China's EV Machine Is to Blame

Jim Farley Ford Tesla Inc. China United Kingdom

Ford CEO Jim Farley says Tesla's dominance is fading as China's EVs rise (Credit: AFP News)

Ford CEO Jim Farley has issued one of his most pointed warnings to date about the future of the global electric vehicle market, suggesting that Tesla's long-held dominance may be approaching a turning point.

Speaking candidly about the rapid rise of Chinese electric vehicle makers, Farley said their manufacturing strength and technological efficiency now pose the most serious competitive threat to both Ford and Tesla, signalling a dramatic shift in the balance of power within the EV industry.

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