Ford will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, as it looks to rev up sales growth in the market. Fred Katayama reports.
Ford Motor will launch 50 new vehicles in China by 2025, including 15 electrified vehicles. Ford's sales in China have been weak in recent months. It is undergoing a broad review of its China operations. It's shifting to a wider production of electric commercial vans and cars. The company has been scrambling to comply with strict Chinese quotas over production and sales of so called new energy vehicles. There is a lot to fight for. China is the largest automarket in the world. Autotrader's Michelle Krebs. (SOUNDBITE) MICHELLE KREBS, SENIOR ANALYST, AUTOTRADER (ENGLISH) SAYING: "They, actually, are lagging a bit behind other automakers, but there, certainly, is a big push, by everyone, to put more electric vehicles into China." Krebs points out that China is going in the opposite direction of the United States. The U.S. is getting ready to review fuel economy standards, and there is an indication that Trump's administration may roll them back. There is also talk about eliminating the electric vehicle credit in the new tax regulation.