Ford’s premium Lincoln model surges in China
Ford is rising gross sales in China on the again of extra electrified fashions and a very robust efficiency from its premium Lincoln model in 2021.
Ford says it has laid the groundwork for its electrification push in China with the inauguration of its first 25 direct-to-customer battery electrical automobile shops. As well as, native manufacturing of Mustang Mach-E started in October with the primary prospects taking supply in December.
Ford’s Lincoln model loved a extremely profitable 2021 as gross sales surged by nearly a half on the rollout of extra electrified fashions, together with an all-electric model of its Corsair plug-in hybrid SUV (it shares underpinnings with the Ford Escape).
Lincoln posted gross sales in China of greater than 91,000 items for full-year 2021, up 48.3% year-over-year, together with greater than 25,000 items within the fourth quarter, which is a quarterly gross sales improve of 13.1% over a 12 months in the past.
Ford’s Lincoln Corsair achieved full-year gross sales exceeding 50,000 items, up 57%. An all-new Lincoln Zephyr debuted at Auto Guangzhou 2021 and has already obtained greater than 2,300 pre-orders, Ford says.
Ford stated it achieved total year-over-year development of three.7% in Higher China in 2021, with gross sales exceeding 624,000 items.
Though Ford model passenger automobile gross sales have been down 1.4% in 2021 (round 237,000 items) Ford stated Ford model passenger automobile gross sales of greater than 72,000 items alone in This autumn delivered an 18.1% acquire quarter-over-quarter.
Ford and JV associate JMC business automobile gross sales exceeded 264,000 items in 2021, down 1.8% (inside that, Ford Transit was up 1.4% at 51,000 items).