Ford’s CEO has been driving the competition’s EV for months
The CEO of one of America's biggest car companies has been driving a Chinese vehicle for six months, and he’s loving it.
Jim Farley, the CEO of Ford Motor Company, said Monday on “The Fully Charged Podcast” that for the past six months he’s been driving the Xiaomi Speed Ultra 7, the Chinese company’s first electric vehicle. Although he said he doesn’t like to talk much about the competition, he praised both the car and its manufacturer, Xiaomi !
"We flew one from Shanghai to Chicago, and I've been driving it for six months now,” Farley said. “And I don't want to give it up."
A spokesperson for Ford declined to comment. Xiaomi did not respond to Fortune's request for comment.
Beijing-based technology company Xiaomi is well-known in China for its smartphones, smartwatches, and headphones, among other tech products. Yet, in December 2023, the company expanded its reach to the auto industry by announcing the Xiaomi Speed Ultra 7, a luxury EV sedan that retails for about $30,000 (the price of a Nissan Leaf) and is available exclusively in China.
The car comes in three different models, the SU7, SU7 Pro, and SU7 Max, with the MAX reaching more than 500 miles on a single charge. For comparison, the Tesla Model S can run about 400 miles on a single charge.
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Sarah Hanine