Ford Signs MoU With Zotye Auto To Produce EVs In China

Ford has signed a Memorandum of Understanding (MoU) with Anhui Zotye Automobile, a major manufacturer of electric vehicles in China.

The proposed 50:50 joint venture’s ultimate goal is to produce new zero-emission cars, which will be sold to customers in the People’s Republic under an indigenous brand, and besides development and manufacturing, they will also focus on marketing and servicing.

“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 in China,” said Peter Fleet, Ford group vice president and president, Ford Asia Pacific. “Electric vehicles will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers.”

This new partnership allows Ford to come closer to their plant that sees the introduction of 13 new electrified vehicles globally, over the next 5 years, including a zero-emission small SUV that will be sold in Asia, North America, and Europe.

Details surrounding the products and production volume, as well as information about the indigenous brand, which is owned by the new joint venture, will be announced at a later date, according to the Michigan-based automaker.

PHOTO GALLERY

  • Sparkopolo

    Look at Zotye’s portfolio, entirely made up of Audi and VW knock-offs. Ford had better keep a secure lid on its data and be selective about what it shares.

Watch The 2020 Corvette C8 Unveiling Live Here At 11 PM EST

The wait is finally.

This Is The Chevrolet C8 Corvette Before You’re Meant To See It

The new Chevrolet C8 Corvette features a design unlike any other ‘Vette.

Sideways Master Dean Kearney Drifts 1,350 HP Viper – In The Rain!

Even a stock Viper is notoriously difficult to manage, so we can only imagine how skilled one must be to accomplish such a feat.

Aston Martin Vantage Gets Up To 691 HP Thanks To McChip-DKR

The Stage 3 Vantage could probably keep up with a DBS Superleggera for considerably less money.

Apple Patents Steer-By-Wire System For Autonomous Cars

While building its own autonomous vehicle seems unlikely, Apple is very interested in developing systems that’ll be used by other manufacturers.

2020 Hyundai Accent Gains New Engine, But Loses Power

While the 2020 Accent is down on power, the model is more fuel-efficient than its predecessor.

Facelifted Mazda2 Bows In Japan With Subtle Styling Changes

The updated hatchback features new fascias, improved seats and a returned suspension.

BMW Appoints Oliver Zipse As Its New Chairman

The 55-year old will succeed Harald Krueger at BMW’s top spot from August 16.

2020 Corvette C8 Interior Makes An Early Appearance In All Its Glory

The Corvette C8 is not out just yet, but an official image of the interior has found its way online.

Toyota Unveils Custom Electric Shuttle For 2020 Tokyo Olympics

Toyota’s new Accessible People Mover has been designed to transport athletes, staff and visitors at the 2020 Olympic Games.