Ford Hands Local JV the Wheel to China Electric Car Unit

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.