Ford Motor Company achieved double-digit growth of 11% in year-to-date sales in Greater China, with approximately 457,000 units sold in the first three quarters of the year.
Lincoln sales passed 66,000 units, up 68.7%, while Ford brand passenger vehicle sales were flat with approximately 165,000 units sold.
Third quarter sales in Greater China fell 8.7% to 150,100 units “due to continued challenges related to the global semiconductor shortage, Central China floods in July and pandemic-related restrictions in parts of the country”.
Strong consumer demand in the third quarter resulted in double-digit growth for Lincoln passenger vehicles, with sales up 24%.
Ford’s direct sales network of electric vehicle city stores is key to its electrification push in China, where the company is on track to inaugurate 25 stores in major metropolitan areas by the end of this year and expand to more than 100 stores within five years.
Central to Ford’s electrification strategy is the locally produced Mustang Mach-E, which will be first delivered to customers in China by the end of the fourth quarter.