Ford Forging JV With Zotye Auto To Tap Into China’s Huge EV Market

By Jon LeSage Ford Motor Co. is deepening its presence in China’s “new energy vehicle” landscape through a joint venture manufacturing deal with a Chinese electric carmaker.
The U.S. automaker today signed a memorandum of understanding with Anhui Zotye Automobile Co., Ltd., a manufacturer of all-electric vehicles. The two companies will delve into the development, manufacturing, marketing, and servicing of an all-electric vehicle line for the China market.
Ford sees the JV tied into its corporate sustainability campaign dedicated to improving air quality and facing climate change.
It also positions the company to tap into sales at the world’s largest market for battery electric and plug-in

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