Ford's only EV in China for 2024 is the Mustang Mach-E. The "street fight," as Farley puts it, is one being lost by Ford, as it sold only 999 units of the Mach-E last per figures from Car News China.

Broader talks between GM and Hyundai could lead to agreements on joint purchase or development of computing chips and batteries.

Hyundai Motor and General Motors are close to finalizing a deal for Hyundai to share two electric commercial van models with ...