Aug 22, 2017
Ford eyes deal with Chinese electric carmaker
Ford has said it is in discussions with a Chinese company to create a new line of electric vehicles for the world's biggest market. Ford said it was exploring a joint venture with electric car maker Anhui Zotye Automobile Co. The firm is a major manufacturer of small, zero-emissions electric cars. China already has more electric cars on the road than any other country and Ford said it expects sales of all-electric cars in China to reach four million by 2025. "Electric vehicles will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers," said Peter Fleet, vice president and president for Ford Asia Pacific. Ford said in 2015 it planned to invest $4.5bn on electrification efforts, introducing 13 hybrid and electric vehicles by 2020.
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