Ford to create new brand of electric cars in China, GM sells $5,000 electric car

By Mike “Mish” Shedlock China accounts for forty percent of global electric cars sales. Ford wants to crack that market with Fully Electric Vehicles Sold Under a New Brand, made in China of course. Ford announced plans on Tuesday to form a new joint venture with Anhui Zotye Automobile Co., a Chinese brand that specializes in…