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Ford Motor Co announced its intention to launch a plug-in hybrid car in China next year as well as a fully electric sport-utility car in the next five years, as the high tech giant works toward electrifying most of its lineup in the world's number one car market by 2025.
It comes at a time when Beijing is urging car makers to sell more electric cars, setting strict fuel economy goals and subsidizing new energy vehicle models, thus trying to reduce air pollution and promote technological innovation.
The time is appropriate for Ford to expand the car maker’s electric vehicle lineup as well as investments in China, as Ford Chief Executive Mark Fields told on Thursday.
The American automaker, which produces vehicles in China through a joint venture with a Chinese company Chongqing Changan Automobile Co, told it actually plans for 70% of Ford brand cars sold in China to be conventional hybrids, full battery electric cars or plug-in hybrids by 2025.
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On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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