Ford Motor Co. may build electric cars with its partner in China as the auto industry moves toward producing more fuel-efficient vehicles, Chief Executive Officer Alan Mulally said.
Why are foreign automakers so keen to make electric cars for China all of a sudden? Obviously its due to strong government backing towards building electric car infrastructure to lower oil consumption and of course CO2 emissions.
“As we move to more electrification, you’re going to see more hybrids, plug-in hybrids and all-electric” cars, Mulally, 66, said in a Bloomberg Television interview on Sept. 24 in Chongqing, China.
Mulally was in Chongqing, China, to attend the groundbreaking ceremony of an engine transmission plant at its venture with Changan Automobile Group.
Expansion in Asia is part of Mulally’s wider plan to boost annual global sales by 50 percent to 8 million vehicles by 2015. Ford’s China sales have risen 11 percent this year to 341,746 units, the company said on Sept. 6.
Ford is spending $1.6 billion to build 4 factories in China, where it skeleton to triple a lineup by charity 15 models by mid-decade.
The U.S. carmaker, contingent on a U.S. and Europe for many sales and profits, had 2.7 percent of the passenger-vehicle marketplace in China by June, according to J.D.Power Associates, while GM controls 10 percent.