In August, Ford began exploring a possible joint venture with Chinese automaker Anhui Zotye to build electric vehicles in China. While we didn’t know what they would be building exactly, sales of battery-only and gasoline-electric hybrids in China rose by 50 percent last year to roughly 336,000 deliveries — odds were good that whatever came of the team-up would remain in Asia.
Then, on Wednesday, the two companies reached an agreement. Ford and Zotye have greenlit a $756 million joint venture for the creation of an entirely new brand focused on small EVs. The vehicles will probably be among the most petite Ford will offer in Asia, as it has already committed itself to shifting at least 70 percent of Ford-branded vehicles sold in the country to electrified powertrain by 2025. The new brand will also produce “city cars” as its primary stock.
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- ToolGuy "We’ll see what happens with Haas." I wonder what happened with Haas?
- ToolGuy Auction is 2 days away now. I've been setting aside some spare change here and there - have you? (You forgot again, didn't you?)
- Luke42 I like the Metris quite a bit, but I never bought one.Two problems kept me from pulling the trigger:[list=1][*]It was expensive for what it was.[/*][*]For the price they were asking, it needed to have a plug for me to buy it.[/*][/list=1]I wanted a minivan that could tow, and I test drove one and liked it. The Mercedes dealer stocked both cargo versions and conversion vans. It was a nice vehicle, and I really wanted one for a while.This is the inevitable fate of cars that I like, but don't actually buy.
- Garrett I would have gone for one of these if it had AWD. If they had offered it, it could have done far better.