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Ford and Zotye Automobile to invest $756 million to set up a joint venture on electric vehicles in China

Ford Reserach and Innovation Center palo Alto

Ford Motor and China’s Anhui Zotye Automobile will invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles. Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. The new JV is aimed at expanding Ford’s footprint in …

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