· Ford and Zotye signed a memorandum of cooperation to develop mobile travel

A few days ago, Ford Smart Travel Co., Ltd. and Zotye Automobile Co., Ltd. signed a memorandum of cooperation. The two parties will draw 50% of each capital to form a new joint venture company with a registered capital of 20 million US dollars. Commercial and network car drivers provide customized pure electric vehicle solutions. It is understood that Ford Smart Travel Co., Ltd. is a subsidiary of Ford Motor Company, mainly engaged in the design, construction and investment of mobile travel services.

In November last year, Ford and Zotye have reached a joint venture agreement, the two sides will invest 5 billion to build Zhongtai Ford Motor Co., Ltd., each of which holds 50% of the shares in the company, and will create a series of joint ventures with their own brands. Economical pure electric passenger car products. It is reported that the joint venture company will build a new production plant in Zhejiang Province and set up a new sales and service network. At present, the company's official establishment is pending approval by relevant Chinese authorities.

At the time, the two sides said that they would jointly explore the smart mobile travel business to provide better solutions for consumers who are facing difficulties in travel. The new smart travel joint venture company said that it will provide pure electric vehicle rental services, data fleet management solutions, vehicle digital services, intelligent network services, vehicle customization services and other services for network car operators and network car drivers. Functional applications, etc., will work closely with Zhongtai Ford Motor Co., Ltd.

The same as Zhongtai Ford Motor Co., Ltd., the new smart travel joint venture company is also located in Zhejiang, and will take the lead in launching the network car market for Zhejiang, and will gradually expand to other provinces and cities.