Recently, Zotye Automobile and Ford Smart Travel Co., Ltd. (Ford Smart Travel) signed a memorandum of cooperation in Shanghai. The two parties will draw 50% of each investment, and will set up a joint venture company in Zhejiang, dedicated to the network car operator and network car. The driver provides intelligent, customized pure electric vehicle solutions to help the rapid development of the Chinese network car market.
It is understood that the new smart travel joint venture company is located in Zhejiang, with a registered capital of 20 million US dollars, will provide pure electric vehicle rental services, data network network car management program for network car operators and network car drivers, Car digital services, intelligent network and vehicle customization services, and take the lead in Zhejiang to develop business, and then gradually expand to other provinces and cities. Ford Smart will act as a subsidiary of Ford Motor Company and will work closely with Zhongtai Ford Motor Co., Ltd.
According to statistics, the domestic online car market is currently growing at around 19% per year. It is estimated that the number of this market will reach 26 million in 2020. A spokesperson for Zotye said: "The vehicle management program launched after deepening cooperation with Ford will help to inject new impetus into the booming development of the network car market."
In August last year, Zotye Motor signed a first memorandum of cooperation with Ford Motor Company to establish a joint venture company (Zhongtai Ford Motor Co., Ltd.) engaged in research, development, manufacturing, sales and service of pure electric passenger vehicles, and plans to build in Jinhua, Zhejiang. new factory.
The factory plans to have an annual production capacity of 300,000 units, including an annual production capacity of 100,000 units, which is expected to be officially put into production in September 2019. In the future, the products produced by Zhongtai Ford will be used by the new smart travel joint venture company.
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