Ford, Chinese partner look at possible electric car venture

AP News
Posted: Aug 22, 2017 5:55 AM

BEIJING (AP) — Ford Motor Co. has announced an agreement with a Chinese partner to look into forming a joint venture to develop and manufacture electric cars in China.

Ford's announcement Tuesday of the potential venture with Anhui Zotye Automobile Co. comes as global automakers are ramping up investment in developing electric models for China's huge but competitive market.

Ford said previously it planned to offer electric versions of 70 percent of its models sold in China by 2025.