Close Menu
Subscribe
Subscribe
Appointments, Partnerships, Investments & Acquisitions

Ford and Chinese OEM Zotye Auto to develop future all-electric cars

John ThorntonBy 1 Min Read
Ford and Chinese OEM Zotye Auto to develop future all-electric cars
The JV agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto

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

Share.

John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

Related Posts