Ford has entered into a 50/50 joint venture with Chinese OEM Zotye Auto to produce all-electric vehicles under a new brand in China.
In the same week as Ford’s announcement revealing plans for a scrappage scheme in the UK, group vice president Peter Fleet spoke about the company’s vision for the future: “The potential to launch a new line of all-electric vehicles in the world’s largest auto market is an exciting next step for Ford. Electric cars will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers.”
Jin ZheYong, president of Zoyte Auto, is excited by the prospect of a potential joint venture. “The MoU between Zoyte Auto and Ford opens the door for us to explore our cooperation in the development of energy vehicles.”
August 24, 2017