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· Ford and Zotye will launch a shared car brand in China
According to the US car media news on May 6, Ford announced last week that it will launch a series of network car service solutions in China to enter the car sharing field led by Uber and similar companies.
Ford will work with Zotye to create customized, pure electric vehicles for companies and drivers in the automotive sharing arena. The car under the project will be produced under the brand new brand by the Zotye-Ford joint venture. The registered capital of the new joint venture company is estimated to be 20 million US dollars (about RMB 127 million). In the first phase of the project, the electric vehicles produced by the joint venture will be first launched in Zhejiang Province. Currently, there are no details of these cars. Ford only said that the new brand is currently awaiting regulatory approval.
Ford Mobile President Marcy Klevorn said that as people and cities around the world increasingly adopt new mobile services, automakers need to work together to ensure that these services address key issues such as difficult vehicle access and air pollution, rather than aggravating these questions. By providing smart electric vehicles to the network car market, this new joint venture will be an important factor in China's urban solutions.
In addition to producing cars, the new joint venture will also provide pure electric car rental services, data fleet management solutions, vehicle digital services, intelligent network services and vehicle customization services. Ford made this decision this week because various studies have shown that in the next few years, China's online car market will continue to expand. Ford said that by 2022, the market is expected to grow by 19% annually. This means that the number of cars in the market will reach 26 million, including full-time and part-time network vehicles.