Tuesday, 22 August 2017

Ford eyes deal with Chinese electric carmaker

Ford has said it is in discussions with a Chinese company to create a new line of electric vehicles for the world's biggest market.

Ford said it was exploring a joint venture with electric car maker Anhui Zotye Automobile Co.

The firm is a major manufacturer of small, zero-emissions electric cars.

The move comes as carmakers in China face new rules designed to boost electric car sales, part of the government's effort to fight pollution.

China already has more electric cars on the road than any other country and Ford said it expects sales of all-electric cars in China to reach four million by 2025.
Officials are also working on new rules that would require 8% of car sales to be electric next year and 12% by 2020.

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

A Ford spokesman said the company hoped to reach an agreement with Zotye by the end of the year.

The US company said it would share more information about the joint venture and the car as the deal moves forward.

BBC        News.

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