Today, Ford announced a major expansion of its electric vehicle plans in China with 15 new models. Ford hopes to have 15 models ready by 2025.
Ford believes China is poised to become the most favorable market for the development and sale of electric vehicles, according to the US auto giant's executive chairman. "We are very excited to see this vision come to life in China", he said.
Added [CEO Jim} Hackett: "Ford's aspiration is to become the world's most trusted mobility company, designing smart vehicles for a smart world". 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.
Reps direct reinstatement of SEC DG, Gwarzo
The motion was entitled "The need to intervene in the ongoing conflict between finance minister and suspended SEC DG". It is not a one-man entity, so the continuation of the forensic audit on Oando is a welcome development.
The company also outlined its planned shift toward smart vehicles, saying that all new Ford and Lincoln vehicles in China will be connected to the internet by the end of 2019. "We now have a chance to expand our presence in China and deliver even more for customers, our partners and society". By 2019 it will be building five new Ford and Lincoln models including a premium Lincoln SUV and the aforementioned plug-in electric vehicle in China.
The best current example being the Ford Eco Sport, a sub-compact crossover built in Brazil and India for local markets that fell short of expectations when initially launched in Europe in 2014.