Ford Motor will start manufacturing electric vehicles in China next year. Photo: Andrey Rudakov/Bloomberg NewsSHANGHAI— Ford Motor Co. F 0.09% said Thursday that it would start building electric cars in China to tap into a state-sponsored boom in green-energy vehicles. China is already the world’s largest market for electric vehicles, with over half a million electric or hybrid cars sold there last year, according to the China Association of Automobile Manufacturers. The government is encouraging their uptake by heavily subsidizing electric cars through payments to manufacturers, which are then able to sell EVs more cheaply. But Tesla, like most other foreign auto makers, has so far held back from building EVs in China.

Source: Wall Street Journal April 06, 2017 10:30 UTC