Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country
Green Car Congress
NOVEMBER 8, 2017
Zotye currently offers four models: the Z100 and Z360 sedans, and the T600 and T700 SUVs. Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The two companies had signed a memorandum of understanding back in August to explore the possibility of such a venture. Earlier post.).