> “… profitable, fully autonomous vehicles at scale are a long way off and we won’t necessarily have to create that technology ourselves,” Ford CEO Jim Farley said<p>This is a great way to think about it honestly. Why pour millions or billions into something when some company is sure to pop up thats doing it better than you and would do anything to land your company as a licensor?
With respect to the old saw that "the market can remain irrational longer than you can remain solvent", this suggests that the market can remain irrational for about twelve years.
Just a matter of time before the auto industry heads the way of the smartphone.
Foxcon is already pitching to be a OEM manufacturer for automotive brands.
EVs are taking over china, with many of them being from local brands, giving them the required scale.<p>Tech first companies like Tesla, Rivian, Xpeng and Nio will lead the way.