Ford Motor Company said on Monday it has set up a new subsidiary dedicated exclusively to focusing on the research, development, and operation of intelligent electric vehicles in China, the latest move by the US automaker to push its electric and digital makeover. The first subsidiary of its kind by an overseas carmaker in the Chinese market, Ford Electric Mach Technologies will adopt a direct sales model with a network of 106 showrooms in 43 local cities rather than selling cars through a dealer. The company currently sells three EV models in China, including its signature Mustang Mach-E crossover, which recorded deliveries of 3,576 in the first half of this year. [Ford statement, in Chinese]