Ford CEO Issues Warning To Electric Car Industry

For the duration of a convention connect with, Ford CEO Jim Farley referred to as for the US to commence building batteries to prepare for the onslaught of new EVs launching inside of the next several yrs.

“We have to have to carry significant-scale battery generation to the US, and we are going to be talking to the government about that”, stated Farley. “We can’t go through what we are accomplishing with chips ideal now with Taiwan. It is just much too vital.”

Currently, lots of of the semiconductor laptop chips in autos that electricity infotainment systems and driver-helps are made by Taiwan Semiconductor Production, which is having difficulties to retain up with the demand.