© Reuters. FILE PHOTO: Workers assemble vehicles at a plant of Changan Ford, a joint venture between Changan Automobile and Ford Motor Company, in Harbin, Heilongjiang province, China February 22, 2017. REUTERS/Stringer/File Photo
BEIJING (Reuters) – Changan Ford Motor (NYSE:) plans to set up a new-energy passenger car joint venture with Chongqing Changan Automobile, according to a document published by China’s market regulator on Friday.
Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile 40%.
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