Ford’s automaker reels are set to work with Zotye Auto and inject $ 765 million to build an electric car in China.
Zotye Auto is a private Chinese car company whose history dates back to 2005. Both Ford and Zotye Auto have decided to enter the market with a 50 percent share. Looking to name a big company like Ford, it’s a good sign that the electric vehicle market is getting hotter every day. Some major car makers want to capture the game before the Tesla electric vehicles expanded in the market of all countries, and according to their experience and credibility, they will offer new products to customers.
For example, we have already heard that Benz is preparing a $ 1 billion investment in electric vehicles in the United States. We also heard about the arrival of Toyota that it plans to enter China’s electric car market. Now it’s time for the American company Ford to work with a Chinese automaker. It’s likely that Ford’s partnership with the Chinese company Zotye Auto is well known for its industry and car market.
The amount allegedly implies a massive production of electrical products. In the latest reports, it is said that the two companies will not only be producing an electric vehicle, but they will probably also produce bicycles, motorcycles and electrical transport products. How many years have hybrid cars been introduced into the Iranian market? Can we expect to see the presence of electric cars in our country over the next years?