Is Ford Planning a Bolder Move Into Electric Cars?

Ford Motor Company (NYSE: F) said it's ramping up its electric-car program in China, a hint that it may be preparing a more aggressive global push toward electrified vehicles under its new CEO.

The Blue Oval said on Tuesday that it has entered into a "memorandum of understanding" with privately held Chinese automaker Anhui Zotye Automobile. Ford and Zotye Auto (as it's known) are working to set up a joint venture to produce electric vehicles in China under a new brand.

It's one in a series of recent signs that Ford's new CEO, Jim Hackett, may be preparing to step up the company's commitment to electric cars and other advanced technologies. Here's what we know.

Source: Fool.com