Ford sold 602,627 vehicles in China in 2020, up 6% year-on-year By Reuters

January 13, 2021 admin Stock News 0

© Reuters.

BEIJING (Reuters) – Ford Motor (NYSE:) Co said on Wednesday it sold 602,627 vehicles in China last year, up 6% from 2019, its first annual growth in the world’s biggest car market since 2017.

After a peak of 1.08 million vehicles in 2016, Ford’s sales began faltering in late 2017. In the past three months, Ford sold 190,916 vehicles, up 30% from the same period last year.

In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd.

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