Ford: We'll Build Electric Cars in China Soon

It's official: Ford Motor Company (NYSE: F) has entered into a new joint venture that will build electric vehicles in -- and for -- China.

It's the latest move in Ford CEO Jim Hackett's effort to push the Blue Oval more quickly into the high-tech future. Here's what we know.

Ford's Asia Pacific chief, Peter Fleet (right), with Zotye Auto director Ying Jianren as they announced a new joint venture to build electric cars in China. Image source: Ford Motor Company.

Source: Fool.com