EV race twist: Uber CEO says Chinese firms ahead of Tesla, Ford

Uber CEO Dara Khosrowshahi stated that Chinese EV companies like BYD and Geely are leading the electric vehicle market due to their intense focus and competitive domestic environment. He highlighted their streamlined supply chains, rapid innovation, and government support as key factors. Western automakers are struggling to keep pace, facing challenges in productivity, profitability, and regulatory hurdles. Uber CEO Dara Khosrowshahi stated that Chinese EV companies like BYD and Geely are leading the electric vehicle market due to their intense focus and competitive domestic environment. He highlighted their streamlined supply chains, rapid innovation, and government support as key factors. Western automakers are struggling to keep pace, facing challenges in productivity, profitability, and regulatory hurdles.