Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Ford aims big in China EV market

Published 08/22/2017, 08:13 AM
© Reuters.  Ford aims big in China EV market
GM
-
F
-
TM
-
TSLA
-
BMWYY
-
NSANY
-
  • Ford (NYSE:F) says its new JV in China aims to capture a "sizable" share of the China all-electric market.
  • New partner Zotye Auto sold more than 16K electric cars in the first seven months of the year to account for ~7% market share in the nation.
  • "Electric vehicles will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers," says Ford Asia Pacific exec Peter Fleet.
  • Looking ahead, Ford wants 70% of its Chinese vehicle lineup to be electric by 2025.
  • The Detroit automaker isn't alone in making a strong EV push in China as Toyota (NYSE:TM), General Motors (NYSE:GM), Nissan (OTCPK:NSANY), Tesla (NASDAQ:TSLA) and BMW (OTCPK:BMWYY) all have plans of their own.
  • Previously: Ford's global electrification expansion (Aug. 22)
  • Ford press release (.pdf)
  • Shares of Ford are up 0.85% premarket to $10.66.

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.