According to "Business Insider", in an upcoming blog show, Ford CEO Jim Farley said,He was shocked by Tesla and China's new car-making forces taking the lead in Chengdu, which also drove his determination to reform the company.Farley revealed that when we dismantled the first Tesla Model 3 and the Chinese car, what we found was shocking.

The Ford Mustang Mach-E's electrical wiring is about 1.6 kilometers longer than the Tesla's, adding to the car's weight and requiring a larger, more expensive battery.

According to reports, Farley has served as Ford CEO since 2020, and his dismantling of competitors convinced him that the company must change to match new competitors.

In 2022, Farley will spin off Ford's electric vehicle business into a new division, Model E.The unit lost more than $5 billion in 2024 and is expected to face similar losses this year, but Farley said he did not regret the decision.

"I know it's going to be very brutal business-wise, but it's very important to Ford's electric vehicle business and being responsible to its investors," Farley said.

Farley is understood to have frequently warned that China's electric car giants pose an existential threat to Ford and other Western automakers.

In June this year, he described Chinese electric vehicles as "far superior" to their Western counterparts.Last month, he also said that Chinese brands such as BYD "completely dominate" the global electric vehicle market.

Chinese automakers have leapfrogged most Western rivals by offering a range of high-tech electric vehicles and affordable models - and now many Chinese brands are expanding overseas, quickly grabbing market share in Europe and developing markets.

"We now know that the U.S. electric vehicle market is completely different than we previously thought, and U.S. consumers are more interested in affordable electric vehicles rather than $700,000-$800,000 electric vehicles."

In order to cater to this market, Ford has once again adjusted its electric vehicle strategy. In August this year, Ford launched a new electric vehicle production line. The first model to roll off the assembly line will be a mid-size pickup truck priced at $30,000, which is expected to be launched in 2027.

"This will help Ford beat BYD and Tesla," Farley said.