Ford Motor Co has signed a memorandum of understanding with China’s Anhui Zotye Automobile Co., Ltd. to jointly manufacturing all-electric vehicles in China. Under the agreement, a 50-50 joint venture will develop, produce, market and service a new line of all-electric passenger vehicles. The vehicles will be marketed under an indigenous brand name owned by the joint venture. The companies aim to capture a sizable share of China’s all-electric passenger vehicle market, the world’s largest, according to an announcement. Founded …

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