Ford signs MoU with Anhui Zotye to launch e-cars in China

Pushing ahead with its promise to provide customers with affordable electric vehicles, Ford Motors has signed a memorandum of understanding (MoU) with Anhui Zotye Automobile Co. Ltd. in China.

Ford said that its deal with Anhui Zotye, which is a major maker of zero-emission all-electric car in China, will allow it to launch a new line of all-electric cars in the world’s biggest auto market.

Peter Fleet, president of Ford Asia Pacific, stressed that Ford wanted to lead in providing great solutions to customers in the electric vehicle market.

Announcing the deal, Fleet said, “The potential to launch a new line of all-electric vehicles in the world’s largest auto market is an exciting next step for Ford in China. Electric vehicles will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers.”

Jin ZheYong, chairman of Anhui Zotye, added that the deal opened the door for them to explore their cooperation in the production of clean energy vehicles.

China is one of the fastest-growing markets in the world for clean energy vehicles. Ford expects this market to grow to as many as six million units per year by 2025, of which nearly 4 million vehicles will be all-electric.