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.
