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Ford, Zotye team up to get piece of China EV future

Beijing throws open door to more joint-ventures in eco-friendly vehicle push

Ford will market electric vehicles under a local brand under its new joint venture with Anhui Zotye Automobile, rather than using its own name.   © Reuters

SHANGHAI -- Ford Motor and Chinese automaker Anhui Zotye Automobile aim to form an electric-car joint venture, spying opportunities in a nation seeking to nurture so-called new-energy vehicles as an industry.

The 50-50 venture would develop, build and sell electrics under a homegrown brand, the American carmaker announced Tuesday. Such specifics as the brand's name and the timing will be revealed after Chinese regulators greenlight the tie-up.

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