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Ford Media Center
SHANGHAI, Oct. 16, 2020 – Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 164,352 vehicles in Greater China in the third quarter. Strong sales momentum contributed to 25.4 percent year-over-year growth – the largest since fourth quarter 2016 – and a 3.6 percent increase quarter-to-quarter. Sales of Ford, Lincoln and JMC brand vehicles achieved year-over-year growth of 12.5 percent, 64.8 percent and 38.3 percent, respectively.
“Ford is strengthening its sales momentum in China by building on growing consumer preference for our iconic brand and favorable product mix of luxury and near-premium utility vehicles,” said Anning Chen, president and CEO of Ford China. “Our localization strategy to produce in China world-class Ford and Lincoln vehicles, including the newly launched Ford Explorer, Lincoln Corsair and Lincoln Aviator, has further enhanced our competitiveness in delivering the best products and services that Chinese consumers are looking for.”
Third quarter highlights
Ford China’s continued acceleration of new product launches and localization strategy contributed to its sales momentum in the third quarter. The all-new Mustang Mach-E, which made its China debut at Auto China 2020, will be available locally next year as Ford expands its product portfolio with electrified vehicle offerings. The company is focused on strengthening its growth momentum by delivering its “Best of Ford, Best of China” commitment and leveraging its newly introduced Pioneering Innovation brand spirit and next-generation design language to offer vehicles tailored to the needs of Chinese consumers.
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 184,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.