Ford Motor Terminates Electric Vehicle Plans With China’s Zotye

Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile, the U.S. auto giant said on Thursday.

The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, on Sept. 10, 2019. Wolfgang Rattay/Reuters

SHANGHAI—Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile, the U.S. auto giant 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. Ford didn’t specify which changes triggered its move.