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]