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Changan Ford's Joint Venture Company Established in Tianjin to Layout New Energy Vehicles by Leveraging Local Resources
Apr.07.2024
Recently, Changan Ford's joint venture company was established in Tianjin High-tech Zone. The registered capital of the company is 100 million yuan, with Changan Automobile and Ford Motor each holding 50% equity.
The legal representative of the company said that the Tianjin High-tech Zone government has long attached importance to the new energy vehicle industry and has perfect supporting facilities. The establishment of the joint venture company in Tianjin this time aims to utilize Tianjin's regional advantages to layout new energy vehicles by integrating local resources.