Ford held talks with China’s Xiaomi over EV partnership

Unlock the White House Watch newsletter for free

Ford has held talks with electric vehicle maker Xiaomi over a partnership that would pave the way for Chinese carmakers to gain a foothold in the US, according to four people familiar with the talks.

While the discussions were preliminary, Ford has explored forming a joint venture with Xiaomi to manufacture EVs in the US, according to the people.

Ford has also spoken with BYD and other Chinese carmakers about potential collaboration in the US.

Such a deal would be controversial in Washington. John Moolenaar, the Republican chair of the House China committee, told the FT that Ford would “be turning its back on American and allied partners, and it will make our country further dependent on China”.

Ford said: “This story is completely false. There is no truth to it.”

Xiaomi said: “Reports that Xiaomi is discussing a joint venture with Ford Motor Co are false. Xiaomi does not sell its products and services in the United States and is not negotiating to do so.”

BYD declined to comment.

Ford chief executive Jim Farley is a vocal admirer of Chinese electric vehicles, having imported Xiaomi’s SU7 model for his own personal use. The Chinese group’s roots are in consumer electronics but it shocked the global automotive industry with a spectacular EV debut in 2024.

Farley warned last year that Chinese rivals pose an “existential threat” to western carmakers and had enough capacity in China alone to “put us all out of business”. He has previously said that Chinese companies are “absolutely coming” to the US.

Earlier this month, Farley hosted President Donald Trump at a Ford truck plant in Dearborn outside Detroit. During his visit, Trump told business leaders that if Chinese companies “want to come in and build a plant and hire you and hire your friends and your neighbours, that’s great, I love that”.

Ford has a licensing deal with China’s CATL to produce cells in the US using the battery giant’s technology. The Pentagon has designated CATL as a company with alleged Chinese military ties, which the group denies. The House China committee has also raised repeated concerns about the deal.

In 2024, the Biden administration in effect banned Chinese vehicles from the US by putting 100 per cent tariffs on car imports from China. Trump has kept those tariffs in addition to Biden-era restrictions on Chinese software and hardware for vehicles with a built-in internet connection.

Trump is preparing to visit China in April on a trip that could include a trade deal. Some experts believe the president wants to attract Chinese investment into the US, but his more hawkish officials would not welcome the prospect of allowing Chinese carmakers into the American market.

In 2021, during the final week of his first term, Trump added Xiaomi to a Pentagon list of companies with alleged ties to the Chinese military. The Biden administration removed it from the list later that year following a lawsuit from Xiaomi, which is headquartered in Beijing.

In December, the Republican chairs of several Congressional panels urged defence secretary Pete Hegseth to put Xiaomi back on the list.

Xiaomi has repeatedly denied any military connections. A company spokesperson told the FT: “Xiaomi also is not part of the Chinese government nor is it affiliated with any Chinese military entities.”

One former US official warned that allowing Ford to form a joint venture with Xiaomi would have a dangerous “domino effect” that would undermine US national security by driving other US carmakers into “a ‘forced marriage’ with Beijing as a matter of basic survival”.

Moolenaar said: “Joint ventures with Chinese companies frequently end poorly for American companies, and this new one would be a deal only Xi Jinping could love.”

BYD and other Chinese carmakers have made rapid inroads into Europe, south-east Asia and Latin America with affordable offerings of EVs and hybrids which are increasingly locally produced.

But Trump’s comments in Detroit and hints from another Chinese group, Geely, that it is preparing to enter the US market within the next three years have raised the spectre of Chinese manufacturers arriving in the US.

In a recent interview with Autoline Network, Ash Sutcliffe, head of global communications at Geely, which also owns Volvo Cars and Polestar, said: “The big question for us is when and where we will go to the USA.”

Sutcliffe declined to comment further to the FT but said the group continued to “monitor” potential opportunities in North America.

Ed Kim, president of consultancy AutoPacific, said Ford was particularly vulnerable to the entry of low-cost Chinese EVs into the US because it had already axed models in crucial mass-market segments in anticipation of an EV transition that has since stalled.

They include the compact crossover Ford Escape and the midsize Ford Edge SUVs, which have been discontinued. Ford has nothing to replace them with until at least 2027, when it plans to launch a new low-cost EV platform.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Nvidia’s trillion-dollar run puts pressure on the bulls

BEIJING, CHINA – MAY 14: Nvidia CEO Jensen Huang (C) gestures as he prepares to depart following a welcome ceremony at the Great Hall of the People on May 14, 2026 in Beijing, China. President Trump is meeting with President Xi Jinping in Beijing to address the Iran conflict, trade imbalances, and the Taiwan situation

Permutations in Europe: What’s still at stake in final weeks of season?

There’s still plenty to play for across Europe as we head into the final matches of the club season. Here are all the title races, Champions League fights, and relegation battles left to be decided in the top leagues this month. This story will be updated until the end of the campaign. 👉 Jump to:EPL

Brewing a Better Half-Gallon Batch

Today I finally ran an experiment I’ve wanted to try for a long time. If you’re a professional barista—or you run a busy café—this may save you some time. Most coffee shops use 1–1.5 gallon batch brewers (Bunn, Curtis, Fetco, etc.). When I opened Short Sleeves Coffee, I intentionally avoided brewing full 1-gallon batches. I

5 Frozen Breakfasts Chefs Say Keep You Full All Morning

Chef-approved frozen breakfasts with more protein and better ingredients. Eating a healthy breakfast every morning is a great way to start the day, but most people don’t have time to cook. Whether you’re rushing out the door in the morning for work, taking the kids to school or both, there’s usually not much time in

CA scales back plan to ban student use of cell phones

By Carolyn Jones, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. Until last month, California was poised to join nearly a dozen other states that ban cell phones in K-12 schools. But under pressure from school boards and administrators, lawmakers scaled back a bill that would have required such a

BulkQuant Launches AI Trading Bot for Crypto, Forex, and Stock Markets

BulkQuant Launches AI Trading Bot for Crypto, Forex, and Stock Markets

London, United Kingdom, May 15, 2026 (GLOBE NEWSWIRE) — BulkQuant has officially launched its AI trading bot platform designed for crypto, forex, and stock market traders seeking a simpler way to automate trading strategies across multiple financial markets. The platform combines AI-powered quantitative analysis, automated trade execution, portfolio monitoring, and adaptive risk management into a

IMF lauds resilient Hong Kong economy but warns of risks linked to Middle East war

IMF lauds resilient Hong Kong economy but warns of risks linked to Middle East war

The International Monetary Fund (IMF) has lauded the resilience of Hong Kong’s economy, noting a sustained recovery despite economic activity having yet to return to pre-Covid levels, while warning of downside risks stemming from escalating geopolitical tensions. It also urged Hong Kong to pursue medium-term financial reforms, including the introduction of a goods and services

Smithsonian Presidents Exhibit Reopens With Low-Key Trump Impeachment Mention

For the past year, the Smithsonian Institution has found itself in the awkward position of telling the nation’s story while being supported in part by a government that wants to narrow how that story is told. In December, the White House threatened to revoke funding to the institution if it did not hand over a

Marvel’s Daredevil Follow-up Is Already Dominating on Streaming

A follow-up to Daredevil: Born Again Season 2 on Disney+ has become a massive streaming success within days of its launch. The Punisher: One Last Kill has quickly climbed to the top of multiple charts, beating out other titles on the platform. The MCU television special follows the gun-toting vigilante, who finds himself targeted by

Is Now a Bad Time to Invest?

The market has been on a roll lately, with the S&P 500 (SNPINDEX: ^GSPC) setting new highs throughout May. If you think you missed your opportunity when the market bottomed in late March, don’t fret. The market hitting new all-time highs is not particularly rare and should not change your investment strategy. And if you

6 bids for Hong Kong land sale signal renewed confidence despite market caution

6 bids for Hong Kong land sale signal renewed confidence despite market caution

The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday

Each Premier League team reranked: Man City rise; Chelsea, Liverpool collapse

Ryan O’Hanlon Close Ryan O’Hanlon ESPN.com writer Ryan O’Hanlon is a staff writer for ESPN.com. He’s also the author of “Net Gains: Inside the Beautiful Game’s Analytics Revolution.”  and  Bill Connelly Close Bill Connelly ESPN Staff Writer Bill Connelly is a writer for ESPN. He covers college football, soccer and tennis. He has been at

Trump departs China after two-day summit

Trump departs China after two-day summit

IE 11 is not supported. For an optimal experience visit our site on another browser. Trump Wraps China Summit With Xi Jinping: What Are the Results? 05:41 Xi gives Trump rare tour of secret garden at heart of Chinese government 01:04 Now Playing Trump departs China after two-day summit 01:01 UP NEXT Special Report: Trump

Carol Chow was facing a bankruptcy petition by five people over unspecified debts at the time of her death. Photo: Dickson Lee

Embattled Hong Kong developer sued for HK$130 million, days after founder’s death

A Hong Kong property developer has been sued for HK$130 million (US$16.6 million) over allegedly breaching guarantor obligations in two bond subscription agreements, becoming the latest lawsuit to implicate the embattled company and following its founder’s sudden death earlier this week. Lofter Group, known for its urban renewal projects across the city’s core districts, and

Trump’s China visit left chip export issue unresolved

This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. One look at the roster of U.S. execs that cozied up to U.S. President Donald Trump on the 20+ hours flight from Alaska to China on Wednesday and you get a sense of the American delegation’s key focus

Why the Cerebras IPO matters for the AI race with China

Why the Cerebras IPO matters for the AI race with China

Cerebras, an AI chipmaker, saw its shares nearly double on Nasdaq, closing up 70% with a $95B market cap. Cerebras’s powerful chips are key in the US-China AI tech race. Chris Buskirk, co-founder and chief investment officer of 1789 Capital, a key Cerebras investor, says the company’s IPO is geopolitically significant. On Thursday, shares of

Fitbit Air vs Whoop Strap Comparison: Price, Features and AI

The Google Fitbit Air is very much the talk of the fitness tracking town right now, not only because it’s the first new Fitbit device that we’ve had in years, but it’s also one of the first big brands to go head-to-head with the established Whoop Strap (if you don’t count the Polar Loop and

1
0
Would love your thoughts, please comment.x
()
x