Posts Tagged ‘Ford China car sales’

Ford Inks Three-Year Deal with Alibaba

Agreement opens another door to sell vehicles in China

by on Dec.07, 2017

Ford CEO Jim Hackett, back left, and Alibaba Group CEO Daniel Zhang, back right, oversee the signing of a three-year deal between the two companies.

In the event it wasn’t clear that Ford is serious about increasing its sales in China, it’s new partnership with Alibaba Group should clear up any confusion.

The new three-year agreement announced today with Alibaba, essentially China’s version of Amazon, may offer Ford an online outlet for its vehicles. The deal, which was reported to be in the works earlier this week by TheDetroitBureau.com. The deal came at the end trip by Ford Chairman Bill Ford Jr. and CEO Jim Hackett.

Global Auto News!

Last month, Ford committed to a more than $750 million tie-up with Anhui Zotye Automobile Co. to build electric vehicles in China. Earlier this week, Chairman Ford and Hackett announced in plans to bring 50 new vehicles to the Chinese market by 2025, including 15 EVs as well as building five new vehicles locally in that country. (more…)