Ford’s China ventures extend auto sales recovery in June

7 July, 2020 12:00 AM printer

BEIJING: Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows.

The U.S. automaker’s Chongqing-based venture with Changan (000625.SZ) said on Monday its sales jumped 7.7 percent from a year earlier. It did not disclose the number of vehicles sold, report agencies.

Ford’s new SUV models including Escape, Edge and Explorer are selling well and contributed to growth in past months, it said in a statement.

Jiangling Motors Corp (JMC) (000550.SZ), in which Ford owns a stake, said in a filing last week that it sold 39,192 vehicles last month, up 67 percent year on year. JMC sells Ford-branded sport-utility vehicles (SUV) and vans as well as JMC-branded commercial vehicles.