By on November 8, 2017

Ford/Zotye Agreement

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.   (Read More…)

Recent Comments

  • slavuta: Not living in TX (for now) but you hit the sweet spot. With so many electric cars plugged in, I believe that...
  • speedlaw: There is a huge difference between being baked on the job and some weed on Saturday night and unfortunately...
  • PrincipalDan: Living in TX obviously? Don’t forget your utilities are asking you to set your thermostat at 78...
  • Lightspeed: Put a BMW or Mercedes grille on this and they’d be lining up to buy them.
  • Lightspeed: Or just get a used F150

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