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Ford Motor terminates electric vehicle plans with China’s Zotye By Reuters

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© Reuters. FILE PHOTO: Logo of Detroit-based Ford Motor Co

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SHANGHAI (Reuters) – Ford Motor (NYSE:) has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile it said on Thursday.

It said that China’s electric vehicle industry and government policies had undergone major changes since the agreements were signed in 2017 and 2018, prompting Ford’s decision.

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