The companies expect to build as many as 8 million vans and pickup trucks under the alliance during the life of the vehicles, and Ford is predicting it will deliver over 600,000 electric vehicles from the VW design.
The company began to work on this project in July 2017.
The company has already opened stores in Beijing and Shanghai to sell such products and will open more stores in Wuxi, Zhejiang province, and Nanjing, Jiangsu province, in the second half of this year, assisted by its domestic retail networks.
The company has a current market cap of billion.
The company has already inked cooperation deals with nearly 30 provincial public security departments and has served more than 150 public security departments at prefecture-level cities. Its technologies have also been applied in border inspection and defense.
The coal price was 38 percent higher than a year ago, partly due to the country's capacity cuts in the glutted coal and steel sectors, among others.
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The company also developed other innovative products such as Midiplus, Motivity, Musicrown, Thinuna and GLS over the years, Ruan added.
The collapse happened on Sunday morning at a construction site along metro line 11 in the city's Tianhe district, causing a street-cleaning vehicle and a scooter to plunge into a watery pit some 38 meters deep.
The college was jointly built by the the leading political parties of Tanzania, South Africa, Mozambique, Angola, Namibia and Zimbabwe.
The community workers operate in shifts to provide round-the-clock services to the residents to ensure they can be reached at any time for assistance in health problems or supplies of daily necessities, he said.