Ford Motor terminates electric vehicle plans with China's Zotye

By Staff Writer

Ford Motor recently announced that it has decided to terminate plans to launch an electric vehicle joint venture with China's Zotye Automobile.

According to the company, China's electric vehicle industry and industrial policies had undergone major changes since the agreements were signed in the year 2017 and 2018.

Ford said that it would go after a more flexible business model in China that would see it utilize its existing operations in the country and elsewhere.