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Ford to launch more than 30 new models in China over next three years

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Ford to launch more than 30 new models in China over next three yearsSHANGHAI/BEIJING (Reuters) – Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday, as it seeks to reverse slumping sales in the world’s top auto market. Ford had said previously it would launch 50 new or significantly redesigned vehicles in China starting in 2018 and through 2025, and Wednesday’s announcement provides more clarity on the timeline. Its China operations chief Anning Chen said the automaker is committing itself to improving its relationships with Chinese joint-venture partners and localising its management teams by hiring and promoting more Chinese nationals and global talent with Chinese expertise, among other initiatives.