Carmakers Come Together To Make It in the EV Space

The video discusses the challenges faced by OEMs in the automotive industry, emphasizing the need for collaboration to navigate a rapidly changing market. It highlights the partnership between Ford and Volkswagen to develop electric and autonomous vehicles, showcasing how shared efforts can lead to increased efficiency and faster market entry. The video also covers investment strategies, particularly Volkswagen's significant investments in China, which aim to provide a competitive edge through affordable technology and increased production capabilities.

Why is it beneficial for companies to share efforts in the automotive industry?

What competitive advantage might companies gain by scaling up production and technology together?