Renault and Ford will jointly develop small, cheaper Ford-branded electric vehicles for the European market to fend off rising competition from Chinese rivals, the companies said Tuesday.

Ford and Renault are joining forces to develop a new line of affordable electric vehicles for Europe. Renault will build the cars using its Ampere EV platform, while Ford handles the design and driving dynamics.

While hybrid sales rose 13.6% to 16,301, Ford’s EV sales plunged 60.8% in November. Ford sold just 4,247 all-electric vehicles last month, a stark contrast from the over 10,800 it sold in the year prior.

The Trump administration will reduce an up to $9.6 billion US loan to Ford Motor Co. and South Korea’s SK Innovation Co. after the companies announced plans to break up their electric vehicle battery-making joint venture.

Ford is teaming up with a major European OEM to bring new vehicles to the continent.

Ford Motor saw sales of EVs plummet in November as government subsidies expired. But that's not all that slowed sales.

A new lawsuit accused Ford of disregarding legal obligations to reimburse dealers for full costs for non-warranty repairs

On Wednesday, E-Mobility Europe praised the European Commission's new European Grids Package policy proposal, which it says streamlines the process for expanding EV charging infrastructure.