Ford CEO Jim Farley points out the reason for the electric vehicle division's losses: products are priced too high

Ford Motor CEO Jim Farley has made it clear that the main reason for the company's electric vehicle division's losses is that the products are overpriced. To address this problem, Ford announced that it will launch a smaller, more affordable next-generation electric vehicle, with an estimated price of between 160,000 and 200,000 yuan, to compete with Tesla's rumored "Model 2".