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A person close to the automaker said the team currently has fewer than 40 designers, digital and physical modelers, virtual reality experts, and support personnel.
GM, which sells cars in China through its two joint ventures with state-owned SAIC Motor Corp (600104.SS), opens new tab, sold 170,000 all-electric vehicles in China last year, up from 50,000 in 2019
Joint venture in China means forced tech transfers
BYD's net profit per car has declined over the last 12 months to the equivalent of $739, according to analysis from CLSA as of the first quarter. Tesla's has dropped to $2,919, the data showed.
The EV industry in the last year has faced an intense price war, with car companies either slashing prices or launching lower-priced product lines.
“We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers."
In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow.
Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles.
Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities.
“This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.”
Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.
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https://www.ft.com/content/520189e8-23f6-11e7-8691-d5f7e0cd0a16
Volkswagen expects to begin producing battery-powered vehicles with its joint venture partner Anhui Jianghuai Automobile, or JAC, in 2018. Mr Heizmann denied that the German carmaker would have to transfer significant technology to JAC in order to do so. “Where we are developing pure battery cars together, combining what we can use from JAC, we are as well in a learning process with them,” he said.
GM, which sells cars in China through its two joint ventures with state-owned SAIC Motor Corp (600104.SS), opens new tab, sold 170,000 all-electric vehicles in China last year, up from 50,000 in 2019
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www.reuters.com
Joint venture in China means forced tech transfers
Under pressure from the Beijing government General Motors has agreed to provide access to its proprietary electric vehicle technology to its lead Chinese partner.GM to share electric car technology with the Chinese
Under pressure from the Beijing government General Motors has agreed to provide access to its proprietary electric vehicle technology to its lead Chinese partner.
www.nbcnews.com
BYD's net profit per car has declined over the last 12 months to the equivalent of $739, according to analysis from CLSA as of the first quarter. Tesla's has dropped to $2,919, the data showed.
The EV industry in the last year has faced an intense price war, with car companies either slashing prices or launching lower-priced product lines.
Loading…
www.cnbc.com
“We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers."
In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow.
Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles.
Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities.
“This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.”
Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.
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media.ford.com
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach ofFT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/520189e8-23f6-11e7-8691-d5f7e0cd0a16
Volkswagen expects to begin producing battery-powered vehicles with its joint venture partner Anhui Jianghuai Automobile, or JAC, in 2018. Mr Heizmann denied that the German carmaker would have to transfer significant technology to JAC in order to do so. “Where we are developing pure battery cars together, combining what we can use from JAC, we are as well in a learning process with them,” he said.
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