Ford Motor Terminates Electrical Automobile Plans With China's Zotye

© Reuters. FILE PHOTO: Detroit-based Ford Motor Co. logo


SHANGHAI (Reuters) – Ford Motor (NYSE 🙂 decided on Thursday to end plans to set up electric vehicle joint ventures with Chinese company Zotye Automobile.

The Chinese electric vehicle industry and government policy have changed radically since the agreements were signed in 2017 and 2018, which led to Ford's decision.

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