With a view to keeping the emission level in-check, Ford has setting up a joint venture with the Chinese firm, Anhui Zotye Automobile Company, to build electric passenger cars in China. The new electric cars will be built under a new brand in China and will help the country find greener solutions and control the alarming levels of pollution.
Reports indicate that the Chinese government is investing heavily in research and development to encourage car manufacturers to launch new electric car projects. Tesla, Daimler AG and General Motors are among the recent ones to announce their electric vehicle plans for China. The reports further indicate that the country wants electric cars and plug-in hybrids to make up at least afifth of the country's auto sales by 2025.
Ford and Zotye Auto will each hold a 50 per cent stake in the joint venture. For now, both companies have chosen to stay tight-lipped about further developments in this project. More details will, hopefully, be divulged in the days to come.