Ford Motor Co.'s China joint venture (JV) with Chongqing Changan Automobile Co. Ltd. has taken over the operations of the U.S. auto giant's electric vehicle (EV) unit, Ford Mustang Mach-E, in the country amid weak sales in the highly competitive market. The move, which will see the Mustang Mach-E model join Changan Ford Automobile Co. Ltd.'s lineup, is part of Ford's strategy change and business adjustment in the Chinese market, the joint venture (JV) said in a statement on Tuesday.

https://www.caixinglobal.com/2023-08-03/ford-hands-local-jv-the-wheel-to-china-electric-car-unit-102089586.html

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