Automotive:

Workers assemble cars at a Zotye International Automobile Trading plant in Hangzhou, Zhejiang province, Jan 18, 2016. [Photo/VCG]

Ford Motor and China's Anhui Zotye Automobile have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles.

Xuzhou Handler Special Vehicle and Terex Utilities Inc signed a co-production agreement, where the two companies will work together to produce 5,000 insulated aerial devices within the next five years with sales totaling 5 billion yuan.

The Digit Group signed three contracts worth a combined $1.9 billion, including a smart cities transportation solution memorandum of understanding with Foton Motor.