However, in the current unfinalized version of the deal, financing will be provided through Alibaba's affiliate Alipay rather than Ford Motor Credit Co., according to Reuters, which broke the news of the deal late Wednesday.
Optimistic on the outlook, the US vehicle maker earlier announced a joint venture with China's Anhui Zotye Automobile to produce and sell electric cars in China, with plans to launch 15 electric auto models in the country by 2025. Establishing on years of substantial investments and growth, the company outlined the next stage of its China expansion plan, focused on SUVs, connected and electric vehicles, a reorganized business structure and strong connections to Chinese consumers. It's stepped up pressure on automakers to accelerate development of electric cars by raising the first-year target for a planned system of production quotas.
Plus, by the end of 2019, 100 percent of new Ford and Lincoln-badged vehicles in China will be connected through either embedded modems or plug-in devices.
Ford Motor intends to locally assemble five more automobiles in China for Chinese consumers beginning in 2019, including the firm's first worldwide all-electric small SUV.
76ers trading Jahlil Okafor to the Nets
This trade now gives Brooklyn two of the three top picks from the 2015 NBA Draft in less than one season. In his fourth season, the shooting guard is averaging 7.3 points in 22 minutes per game for his career.
"Some of our most advanced manufacturing and innovation facilities are here in China", said Peter Fleet, group vice president and president, Ford Asia Pacific. "We now have a chance to expand our presence in China and deliver even more for customers, our partners and society".
The partnership would be part of Ford's effort to overhaul its China strategy to revive the growth momentum it has lost in recent months.
The source said Ford is "behind in using big data" to monitor sales trends and effectively market its cars and the move to online sales as well as the access to Tmall's massive database of information on consumers would help it to catch up. New single distribution services segment meant to release next year, meant to offer an improved experience for consumers and enhanced brand consistency while lowering costs.
One avenue under consideration is the sale of Ford cars on Tmall, an Alibaba spokeswoman said.
Palestinians and security forces clashed earlier in the day along the Gaza border with reports of three Palestinians injured. On its part, the Israeli military held Hamas responsible for any escalation in the Gaza Strip, and nearby Israeli areas.
Fraser Hornby - Strong in the air and with a keen eye for goal, Hornby was a star performer for the Blues' Under-18s last season. He has gone with an experimental side for the game and there are other Ireland-eligible players on the substitutes bench.
While the bill keeps the government running for now, it would set up a pre-Christmas showdown later this month. Mark Meadows, the chair of the Freedom Caucus, ended up voting for the bill along with numerous members.
Meanwhile, Serena looks at her daughter with a loving smile, enjoying a few rays of sunlight with her baby girl. In September, Williams gave birth to the couple's first child , daughter Alexis Olympia Ohanian Jr., at St.
Year In Review for Facebook users Starting on Wednesday, 6 December, users may see a personalised video on their News Feed. The news comes just as the #MeToo movement and the women who sparked it were named as Time Magazine's Person of the Year.
One vote will be allocated to each elementary school class taking part in the poll from Monday through February 22. Students from Japanese schools outside Japan and from Japan's worldwide schools are also eligible to vote.
He is alson one of the most visible members MSNBC's team of contributors - particularly on the network's " Morning Joe ". Harold Ford Jr ., arrives to address the Executive Women's Association on Wednesday, Oct. 25, 2006, in Knoxville, Tenn.
In September 2016, during the general election campaign, Trump released a doctor's note that included some medical information. Sanders was walking off the podium after declaring a wrap on the briefing when she did an about face, returning to podium.
Dozens of horses found burned to death in California wildfires
Tuesday's warnings are scheduled to expire at 6 p.m., but forecasters say Santa Ana winds could persist into Friday or Saturday. Once those shelters reached capacity, pet owners were directed to take their large animals to the Antelope Valley Fairgrounds.
Marlins' Dee Gordon traded to Mariners for 3 prospects
He is the only active player to bat at least.300 while stealing at least 50 bases in multiple seasons (2015 and 2017). The Mariners intend to shift Gordon to center field, where his elite speed could in time make him a fierce defender.
India set to become member of another export control regime
On Pakistan's entry to the NSG, Ryabkov said there is no prospect for any "unanimity" with respect to the Pakistani application. China has favoured a criteria-based approach for expansion of the 48-member group, which controls global nuclear commerce.
MS museums explore slavery, Klan era
Bennie Thompson of MS also announced that he would not be speaking at the event if Trump was there. The White House said it was "unfortunate" the congressmen were skipping the event.
Lexus LF-1 Limitless concept SUV teased
The Japanese luxury brand is planning to make some waves at the upcoming Detroit Auto Show with a new large-scale SUV. No big surprise there; SUVs are kind of a big deal - literally and figuratively - in the modern automotive space.
Judge orders arrest of ex-Argentine president Kirchner
Kirchner's leftist alliance in the Senate has a total of 32 seats, but only around a dozen senators are in the Kirchner camp. In response, she shut down the Secretariat of Intelligence, replacing it with the Federal Intelligence Agency in March 2015.
Mario + Rabbids Kingdom Battle gets a new free versus mode
Players can continue playing with good all-rounded started equipment load outs or specialize in one of the 16 unlockable variants. The Nintendo Switch is quickly becoming the go-to console for games with couch co-op and local multiplayer.