Changan Ford Motor to set up JV with Chongqing Changan Auto

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1970-01-01 08:00

BEIJING Changan Ford Motor plans to set up a new-energy passenger car joint venture with Chongqing Changan Automobile,

BEIJING Changan Ford Motor plans to set up a new-energy passenger car joint venture with Chongqing Changan Automobile, according to a document published by China's market regulator on Friday.

Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile 40%.

(Reporting by Beijing Newsroom)