This will help the development of autonomous vehicles in China.
China is pushing automakers toward electric and hybrid petrol-electric vehicles, setting tough quotas for NEVs that come into play in 2019, and has signalled a longer-term shift away from traditional internal combustion engine cars.
They have been encouraged by China and Beijing's governments, which have put significant resources behind electric vehicle manufacturing and have introduced regulations that mandate auto companies sell a greater proportion of electric and hybrid vehicles or get shut out of the world's biggest auto market. "Producing more vehicles for China locally allows us to improve the benefits for our customers, our partners and our bottom line".
Ford Motor Co (F.N) will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, Peter Fleet, head of Ford Asia Pacific, told a news conference on Tuesday. Its joint venture with Anhui Zotye Automobile Co., announced last month, will produce a separate range of electric vehicles under a new brand. Ford said it will continue to work with China-based internet company Baidu Inc.to develop driverless cars. Visit MarketWatch.com for more information on this news.
Additionally, the automaker intends for 100% of all Ford and Lincoln products sold in China by the end of 2019 to be offered with embedded modems of plug-in devices for connectivity purposes.
"We've never seen change like we do today", said Bill Ford, Ford executive chairman. "The new distribution services division will enable us to offer an enhanced experience for our customers and more closely connect with our dealers and the community". "They are proof of our dedication to grow our business in China".
David Silva stunner restores Manchester City's lead
Sterling has become City's game-breaker in the closing stages of matches, scoring eight of his 13 goals in the last 15 minutes. As City surged in the second half he relocated his taste for goal but saw three shots in a row blocked or charged down.