Memory FAQs
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Thursday, July 19, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Ford to develope EV with Chinese partner


Thursday, November 09, 2017

Ford Motor Co. announced Wednesday that it is launching a venture with a Chinese partner to develop electric vehicles for sale in China, the biggest market for the technology.

The announcement of the $750 million venture with Anhui Zotye Automobile Co. adds to rising investment by global automakers in China's growing electric vehicle industry.

Zotye already has its own electric vehicle business and said sales in the first 10 months of this year were up 14 percent over a year earlier, at 22,500.

Sales of pure-electric and gasoline-electric hybrids in China rose 50 percent last year over 2015 to 336,000 vehicles, or 40 percent of global demand. U.S. sales totaled 159,620.

Beijing has supported sales with subsidies and a planned quota system that would require automakers to produce electric cars or buy credits from companies that do.

Ford said it expects China's market for all-electrics and hybrids to grow to annual sales of 6 million by 2025. The company said previously that it plans to offer electric versions of 70 percent of its models sold in China by 2025.

Daimler AG's Mercedes Benz makes electric cars with a Chinese partner. Other global automakers including General Motors Co. and Volkswagen AG have announced or are exploring similar ventures.

Volvo Cars, owned by China's Geely Holding, says it will produce electric cars in China for global sale starting in 2019.

By: DocMemory
Copyright 2017 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Nanya see continue growth on DRAM7/19/2018
Commercial aircraft market hesitates on upcoming tarrif 7/19/2018
TI fires two month CEO for personal misconduct7/19/2018
Google fined $5 billion for forcing phone manufacturers to install Android7/19/2018
Samsung has developed a new mobile DRAM solution optimized for 5G network and AI7/18/2018
TSMC expects revenue growth through Q47/18/2018
Micron/Intel joint development announced update on 3D Xpoint memories7/18/2018
F35 tactical fighter at bargan prices7/18/2018
What's next now that the ZTE ban is lifted7/17/2018
Apple contributes to renewable energy fund in China7/17/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved