| Title | Chinese Automaker Zotye Plans 2020 Entrance into the U.S. Market | |
| Date | Thursday November 15 2018, @01:37PM | |
| Author | martyb | |
| Topic | ||
| from the sign-of-things-to-come dept. | ||
Ford's China partner planning to sell in U.S. in 2020
Ford Motor Co.'s newest Chinese partner, Zotye Automobile, is preparing to launch at least two SUVs in the Blue Oval's backyard.
The relatively small Chinese automaker Zotye Automobile International Co. is partnering with California-based HAAH Automotive Holdings to look beyond its home market and form a new sales distribution company in the United States known as Zotye USA (pronounced ZOH-tay) — a tie-up that would sell direct competitors to some of Ford's most lucrative SUVs.
"We're facing a new reality where the Chinese domestic market is slowing for the first time in recent memory," said Michael Dunne, CEO of Hong Kong-based ZoZo Go, a firm that advises automakers on the Chinese market. "Now that things have gone soft, automakers are finding themselves in a situation where they have to export and find new markets. Zotye is possibly the first, but they won't be the last."
Also at MarketWatch and CNET.
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printed from SoylentNews, Chinese Automaker Zotye Plans 2020 Entrance into the U.S. Market on 2024-05-03 01:48:29