Zotye Zandu Electric Vehicles
Zotye International Automobile Trading Co. Ltd, established in 2005 is a privately owned company based in Yongkang, Zhejiang China, also know as Zotye Zandu. Zotye has three production plants, a 50,000 mini-car plant in Xiangtan, Hunan Province, its main plant in Zhejiang with a 100,000 capacity and a plant in Xingsha Industrial Park which will be phased to produce 200,000 units per annum. The company acquired Jiangnan Auto, which manufactured the facelifted Suzuki Alto, in 2009.
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Zotye Zandu electric vehicles in the news
Week 45 2017 - Ford and Zotye formalizes partnership
In Week 40 Ford’s new CEO Jim Hackett unpacked his plans to get the US carmaker back on track after an investor revolt led to his predecessor’s replacement. One of the pillars of his plan was leveraging partnerships, in particular with Zotye to develop a new line of low-cost all-electric passenger vehicles in China. This Week the two companies signed a definitive JV agreement for the formation of Zotye Ford Automobile Co. Ltd., a 50/50 partnership that will produce stylish yet affordable electric vehicles for the Chinese market. Zotye Ford is yet to announce the new brand for the JV’s strategy. The joint venture will require an initial investment of 5 billion RMB (~$750 million) which will be utilized to establish a manufacturing facility in Zhejiang Province. The JV is Ford’s 3rd in China and will include exploring innovative and connected mobility services. Ford’s other Chinese JV’s are with Changan and JMC.
Week 34 2017 - Zotye and Ford enter into EV JV
Ford and the Chinese automaker Anhui Zotye this week announced the signing of a Memorandum of Understanding to establish a 50/50 JV to develop electrified passenger vehicles in China. The JV is the second such JV announced by Ford, which is experiencing sales declines in the Chinese vehicle sector. The Detroit based company and another Chinese domestic JV partner, Changan, announced in April that they would offer PHEV and BEV versions of all the vehicles they manufacture by 2025.
Week 25 2017 - Zotye to produce 2 new EV
Zotye announced that its sixth and latest production facility, completed recently in Chongqing, will produce an electric SUV, the M12 or Zotye T300E as well as a PHEV MPV the seven-seat B40.
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