Serving the World's Largest Emerging Automobile Market
Home > JV Update > Zotye-Ford JV to go into production in September 2019

Zotye-Ford JV to go into production in September 2019

HANGZHOU – Zotye Auto and Ford Motor Co. signed an investment agreement on December 7 in Hangzhou in which their recently established joint venture – Zotye Ford Automobile Co., Ltd. – will invest ¥5 billion to construct an all-electric passenger vehicle production base in Jinhua, Zhejiang Province.

It is expected to go into production in September 2019 with annual production capacity of 100,000 battery electric passenger vehicles.

The signing of the agreement means that the Zotye-Ford JV has entered into a new development phase and reflects the rapid progress in cooperation between the two companies since they signed the memorandum of understanding for the JV on August 21 in Hangzhou and the definitive agreement on November 8 in Beijing to establish the 50:50 JV that plans to offer a range of stylish and affordable all-electric vehicles under a new indigenous brand.

Leave a Reply