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BRIEF-Zotye Automobile Signs MoU With Ford Motor's Unit, To Set Up JV In Zhejiang

May 2 (Reuters) - Zotye Automobile Co Ltd:

* SAYS IT SIGNS MOU WITH FORD MOTOR’S UNIT FORD SMART MOBILITY

* SAYS IT PLANS TO SET UP JV IN ZHEJIANG PROVINCE WITH REGISTERED CAPITAL OF $20 MILLION WITH FORD SMART MOBILITY Source text in Chinese: bit.ly/2reopWd Further company coverage: (Reporting by Hong Kong newsroom)

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