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Benzinga
Benzinga
Business
Rachit Vats

Ford CEO Says Chinese EV Makers 'Incredibly Undervalued,' Expects A 'Shakeout' Soon

Ford Jim Farley Ford Motor Co NYSE electric vehicle

Ford Motor Co (NYSE: F) CEO Jim Farley said on Wednesday that Chinese electric vehicle firms are “incredibly undervalued” and that he expects them to become more important in the future.

What Happened: Farley, who has been steering Ford's transition to EVs, said he expects to see "big changes” in the highly competitive space. 

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