Ford Smart Mobility has signed a memorandum of understanding with Zotye Auto to form a $20million joint venture in China.
The two car companies plan to supply ride-hailing fleet operators and drivers with electric vehicles and solutions such as vehicle leasing, data-driven fleet management, in-vehicle digital services, vehicle customization and connectivity.

The vehicles will be made by the Zotye-Ford manufacturing joint venture, and marketed under a new brand; this will be based in Zhejiang province, where the services will initially be offered.

The JV will also collaborate with local governments and cities on the development of data connectivity and software for integrated transportation solutions, to tackle issues such as traffic congestion and flow, to enhance commuter experience, and to lay the foundations for V2X and autonomous vehicles.
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