Ford May Build Electric Cars In China
Ford may begin building electric cars in China via joint ventures with Chinese auto makers, replicating the tactics of rivals like General Motors and Daimler AG, parent company of Mercedes-Benz. China is looking to add 1 million EVs by 2015 as part of an effort to curb emissions and the dependence on fossil fuels.
Ford CEO Alan Mulally was in China for the groundbreaking of a new engine assembly plant with local partner Changan Automobile Group, part of a $1.6 billion effort to build four new factories in China. Mulally expects China to play a key part in boosting Ford sales by 50 percent by 2015, and Ford’s Lincoln brand may become part of that strategy, as Chinese demand for luxury cars is rapidly growing.
[Source: The Detroit News]