Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Zotye¡¯s Z500 will be the first vehicle to be leased to fleet operators and drivers under the new venture.
 
Ford finalizes Zotye deal to offer ride-hailing EVs, services
Automotive News China | 2018/10/2

Ford Motor Co. signed a definitive agreement with Zotye Automobile Co. to jointly supply electric vehicles and related services to ride-hailing fleet operators and drivers in China. 

A separate joint venture will be formed between Ford¡¯s mobility subsidiary, Ford Smart Mobility, and Zotye to provide ¡°one-stop service¡± for ride-hailing fleet operators and drivers with all-electric vehicle leasing, fleet management solutions, connectivity and in-vehicle services, Ford said. 

The joint venture, capitalized with $20 million (137 million yuan), will be equally owned by Ford Smart Mobility and Zotye. It will be based in Hangzhou, the capital of east China¡¯s Zhejiang province, and its services will initially focus on the ride-hailing market in Zhejiang. 

Zotye¡¯s Z500 will be the first vehicle to be leased to fleet operators and drivers under the new venture. The electric compact sedan can drive for more than 330 kilometers on one change. 

The mobility partnership will also lease EVs to be built by its production joint venture with Zotye, according to Ford.

In November, Ford and Zotye agreed to form a 5 billion yuan EV assembly joint venture. That venture is set to start production in September 2019 in Jinhua in Zhejiang with annual capacity of 100,000 EVs. It will build and market low-priced EVs under its proprietary brand. 

The mobility partnership and production joint ventures between Ford and Zotye must still be approved by regulators in China.

In China, Ford also operates manufacturing joint ventures with Changan Automobile Co. and Jiangling Motors Corp.

Related Stories
  • U.S. brands are losing ground in China, but don't blame Trump
  •     --Published:2019/24/5
     
  • Ford sees profit return in China with local vehicle output
  •     --Published:2019/17/5
     
  • Dongfeng-Nissan exec hired to lead Ford brand's sales in Greater China
  •     --Published:2019/10/5
     
  • Zotye adding U.S. dealers while parent preps to add 2nd brand
  •     --Published:2019/7/5
     
  • Changan suffers 1st-quarter losses on weak Ford, Mazda sales
  •     --Published:2019/26/4
     
  • Ford reboots in China, with deeper intel
  •     --Published:2019/23/4
     
  • Ford appoints industry veteran Yang Song as China sales chief
  •     --Published:2019/9/4
     
  • Ford to launch more than 30 new models in China over next 3 years
  •     --Published:2019/5/4
     
  • Brazil's CAOA, a Chery partner, signs agreement with Ford over plant purchase, report says
  •     --Published:2019/2/4
     
  • Great Wall, Ford target growing Chinese demand for pickups
  •     --Published:2019/29/3
     
  • Dealership stockpiles spike; Changan Ford stores carry 95-day supply
  •     --Published:2019/19/3
     
  • Ford, Changan slump drags into 2019
  •     --Published:2019/15/3
     
  • Ford joint ventures extend sales slump
  •     --Published:2019/5/3
     
  • Ford JV cuts contract jobs as sales fall
  •     --Published:2019/1/3
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ