Ford auto sales hit record in China last year

The Ford Motor Company sold over 220,000 autos in China last year, setting a record high, according to statistics released Tuesday.

The sales of different brands such as Ford, Lincoln, Land Rover, Jaguar and Volvo totaled 89,489 last year, with the growth rate much higher than the average. The joint venture company Chang'an Ford also sold 61,013 autos, up 41 percent compared with the previous year.

Ford Motor established a financial company last July in China, providing personal credit business in Beijing and Shanghai, and will expand business to more Chinese cities, said Cheng Meiwei, president of Ford China.

He said the key investment project also achieved progress in China last year, laying a solid foundation for Ford's further business. "We are confident of China's auto potential and prepared to supply quality and competitive products to more Chinese customers."

Source: Xinhua