Ford Partners to Build Electric Cars in China
Following on the heels of Daimler, Volkswagen, Volvo and General Motors, Ford Motor Co. will invest a reported $750 million in a joint venture with Anhui Zotye Automobile Co. based in Yongkang, Zhejiang, China.
Founded in 2005 initially as an auto parts maker, Zotye gradually launched production of full automobiles. Of the dozen different models it's manufactured since 2008, two of the most recent models are electric: the E30 EV and the E200 EV, the latter pictured above. Exactly what type of vehicle it will build with Ford hasn't yet been made public, though it is presumed they will initially be built for the internal Chinese market, which is currently the largest EV market in the world.
According to US News, "Zotye already has its own electric vehicle business and said sales in the first 10 months of this year were up 14 percent over a year earlier, at 22,500."
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