Ford and Zotye create a joint venture for production of vehicles and services in China

4 May 2018

Ford Motor Co. and Zotye Automobile Co. create a joint venture for production of vehicles and the provision of services for private and corporate parks

Partnerships for the development of the NEV segment, Ford and Zotye have agreed to form in November of last year. New SP except electric vehicles and hybrids will also offer and variety of progressive services, including leasing cars corporate car fleet, a telematics, a digital services operation of vehicles and the possibility of online connections for operators and drivers.

The urban electric car Zotye E200

Electrostan Zotye E500EV 2016

In accordance with the Memorandum of understanding the companies signed this Monday in Shanghai, the company in the amount of $20 million (¥127 million) will be launched in the free economic zone of Jinhua, East China's Zhejiang province traditional Chinese-foreign joint venture shares 50:50 between a subsidiary company of Ford Smart Mobility and the local company Zotye. The total capital of the JV will amount to ¥5 billion, it is Expected that the company will expand production from September 2019 to further increase production to 100,000 electric vehicles per year.

Ford Focus Titanium sedan in 2018

This JV will also help the local Chinese municipalities and mayors to develop ways to manage traffic flows and reduce traffic jams.
The first market for the new joint venture will be the vehicle market of Zhejiang, but in the future, outlined ambitious plans for the rapid spread to other Chinese provinces.
In addition, Ford Motor China has a joint venture with companies Changan Automobile Co. and Jiangling Motors Corp.

In a deeply restyled JMC Teshun GL 2016 only the expert recognizes Ford Transit generation 1986 

In 2017 sales of Ford Motor in China declined 6.3 percent year-on-year to 1 192 625 million cars, as demand for models of the Ford brand local Assembly.
Private Zotye automobile company of Jinhua last year produced 317 036 cars, including 37 877 electric vehicles, according to the web site of the company.

Zotye noted, and direct copying is her crossover SR9 2017 as two peas similar to the Porsche Macan