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Wan LixinOpinion deputy editor of Shanghai Daily
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Ford’s venture for e-cars
Source: AP |
00:01 UTC+8 November 9, 2017
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Print Edition
Print Edition
FORD Motor Co is launching a venture with a Chinese partner to develop electric vehicles for sale in China, the biggest market for the technology.
The announcement yesterday of the US$750 million venture with Anhui Zotye Automobile Co adds to rising investment by global automakers in China’s growing electric vehicle industry.
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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