Ford Motor Co. may try to tap into the potentially huge market for electric vehicles in China, echoing the strategy of its rival General Motors.
Ford has already committed to producing at least five battery-electric vehicles, like the Ford Focus Electric, and plug-in hybrids, like the C-Max Energi, for the U.S. and Europe. But some analysts believe the market for battery cars could be even bigger in China as the Asian nation takes steps to reduce pollution and minimize its dependence upon foreign oil.
Building vehicles in China would sidestep hefty import duties and qualify Ford for significant incentives the Beijing government has authorized for domestically-produced battery cars.
“As we move to more electrification, you’re going to see more hybrids, plug-in hybrids and all-electric” cars,” Ford CEO Alan Mulally said during an interview with Bloomberg TV during a visit to Chongqing, China to mark the groundbreaking of the automaker’s new transmission plant.