The goal of this partnership is simple - Ford wants to build a whole new line of electric vehicles in China.
Ford has two JVs set up with other automakers including Changan Automobile and Jiangling Motors, and normally that's the upper limit for joint ventures allowed by Chinese industry regulators.
Ford Motor Co. said it will explore setting up a joint venture to produce electric vehicles in China with Anhui Zotye Automobile Co. as manufacturers step up their investments in lower-emission cars in the world's biggest auto market.
Ford expects the market for new-energy vehicles in China to grow to six million units annually by 2025, of which around 4 million vehicles will be all-electric. Automakers need zero-emission vehicles (ZEVs) to represent 8% of new auto sales as soon as 2018 and quickly ramp up to 12% by 2020.
China already accounts for 40% of all electric cars sold worldwide, according to the International Energy Agency. The country is aiming to have at least 20% of the vehicles sold there to be at least partially electric powered, amid ever-rising air pollution levels that are killing tens of thousands of people a year.
GWENT single player campaign Thronebreaker announced
Developer CD Projekt RED has announced Gwent Masters , an official esports tournament series for players around the world. Eight Gwent Open tournaments will be held throughout a Gwent Masters series, with each offering $25,000 in prizes.
A Ford spokesman said the company hoped to reach an agreement with Zotye by the end of the year.
But Ford is not the only major global automaker trying to increase electric vehicle sales in China.
With a projected 4 million all-electric vehicles per year to be sold in China by 2025, the opportunity is certainly big enough for a number of players. The automaker now has joint ventures in the country with Chongqing Changan Automobile Co. and Jiangling Motors Corp.
Zotye's sales through July are in excess of 16,000 electric vehicles, which is up 56% year-over-year from sales through the first seven months of 2016. But after a period of incentivizing EV sales, the government slashed subsidies by 20% in January and slowed subsidy approvals, Reuters reported in March.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.
With 1,400 avg volume, 4 days are for Porter Bancorp Incorporated (NASDAQ:PBIB)'s short sellers to cover PBIB's short positions. The average Wall Street analyst rating for Exxon Mobil Corporation is Hold, according to the average of 18 analyst scores.
Asda also recently reported a return to positive growth following more than 10 consecutive quarters of decline. Meanwhile online specialist Ocado increased sales by 12.6%, now holding 1.4% of the overall grocery market.
The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.10. Finally, Korea Investment CORP acquired a new stake in Toll Brothers during the first quarter valued at about $5,839,000.
The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.04. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock.
The exciting announcement, will see the game show host travel through space and time in the BBC sci-fi show set to air next year. He loves that show with a passion and so do the audience so he's delighted to have found a way to make it all work together'.
Officials estimated a turnout of 40,000 demonstrators. "Looks like many anti-police agitators in Boston", Trump tweeted . He received immediate backlash from across the political spectrum for not explicitly denouncing hate groups.
Williams maintains his innocence and says he was convicted on the testimony of individuals who were themselves convicted felons. Greitens has also called for a Gubernatorial Board of Inquiry to be formed to investigate Williams' request for clemency.
The same "have your cake and eat it" approach applies to Britain's stance towards Ireland, its closest neighbour. Fox has argued that the United Kingdom can walk away if no reasonable negotiation can be reached with Brussels.
Arrival's Denis Villeneuve is directing the movie, with original Blade Runner director Ridley Scott serving as executive producer. The latest global spot shines a light on Niander Wallace, the villain played by Jared Leto .
Freeport McMoRan leads S&P 500 gainers as metals prices rally
Currently, the stock carries a price to earnings ratio of 56.6, a price to book ratio of 9.31, and a price to sales ratio of 9.55. TRADEMARK VIOLATION WARNING: This story was originally published by TrueBlueTribune and is the property of of TrueBlueTribune.
Pregnant Serena Williams craves for vegetables
On Sunday, the tennis superstar may have hinted at morning sickness with her caption, "Struggling to get up this morning". Serena Williams has pregnancy cravings, just like anyone else - but she isn't indulging in sweet and salty junk food.
SEA Games: Loh Jack Chang delivers wushu's sixth gold
With that swim, Singapore finished the night with three golds, bringing its total from two days of competition to six. The old record of 3:45.73 was set by Ting Wen, Amanda, Lynette Lim and Mylene Ong at the 2009 SEA Games in Laos.
South Korea joint military exercises provocative
Harris, Hyten, and Greaves will observe the exercises this year amid heightened tensions with North Korea. China again called for the "dual suspension" of North Korea's nuclear weapons program and U.S.