Ford CEO Jim Farley, after driving a Xiaomi car he shipped back to Chicago, said its quality was far superior to Western vehicles and that Ford has no future if it loses the global EV competition to China.

20:01tour I did and he insisted they ship him one back to Chicago and he's been driving it around and he's made some ex pretty extreme statements um after having experienced John. This car sells for about 40k. Um but he said it's the most humbling thing I've ever seen. And he says even beyond that their cost their quality of vehicles is far superior to what I see in the west. We

20:27are in a global competition with China and it's not just EVs. If we do not if if we lose this we do not have a future at Ford. you know that that's farly at Ford, you know, and and I by the way, I would take a pause after mentioning that to the people that are going to um accuse just because I went over there to learn accuse me of somehow being like a

20:50a an agent for the CCP. Is that also true of the CEO of Ford? You know, like why is he saying these things? Like we're just witnessing what's happening on the ground. One of my observations is, and you hear this from Elon, you hear this from Jensen Huang, you hear this from Tim Cook, you hear it from Farley, it's extreme respect for the for the level of innovation, um, for the

21:15focus, for the engineering culture that exists in China. And that to me, one of the reasons I wanted to do this pod on China is because I think it's as much a reflection about what the United States needs to do to re-engineer its own society, right? It's not enough to say that we want to reonshore critical manufacturing. It really is about, you know, this movement around American

21:39exceptionalism, America builds. It's about making the reforms necessary whether it's regulatory capture whether it's the you know tort reform legal reform required to frankly allow uh uh you know this level of innovation and recognize that we're in this global competition you know and there are two ways in which you can you can approach this bill one is we can build barriers we can try to decouple and we can