Ford breaks ground for new joint-venture assembly plant in Hangzhou, the company’s first plant in east China.
Ford China posted its highest ever August sales, with 48,631 units sold, up 39% from last year. Year to date, Ford China has sold 368,513 vehicles, up 8% from January – August 2011. Market leader General Motors sold in 220,996 units in August and 1,837,546 year-to-date. Number Two Volkswagen Group sold 1.74 million units ytd (1.48 million or +17.9% year over year) in China.
Sales of Ford-brand passenger cars were also at a record high for August, up 65% with 33,640 units sold, which includes a small number of Edge imports. Sales of Ford-brand passenger cars at Changan Ford Mazda Automobile (CFMA), Ford’s passenger car joint venture partner in China, reached 33,017 wholesale units in August, up 63% from August 2011.
Jiangling Motors Corporation (JMC), Ford’s commercial vehicle investment in China, sold 14,991 wholesale units in August, flat compared to the same period last year.
Last week Ford broke ground for two new assembly plants, one in Chongqing and one in Hangzhou. The two plants will double Ford’s production capacity in China to 1.2 million passenger cars annually by 2015 and bring Ford’s total investment in China to US $4.9 billion.
See also:
- Changan Ford Mazda Automobile Breaks Ground for Chongqing 3 and
- Lincoln to be Sold in China by Late 2014
