Sales of Ford Motor Company in China slipped by nearly 20% in the first quarter due to supply issues and restrictions, the manufacturer revealed in a filing.

  • Ford Motor Company recorded sales of approximately 125,000 units in China in the first quarter, reflecting an 18.8% decline year on year. This includes 19,400 units of the Lincoln, 46,7000 units of passenger vehicles, and 51,000 units of commercial vehicles.
  • The decline was attributed to the ongoing supply constraints hounding the semiconductor industry, along with the continued restrictions implemented due to the resurgence of COVID-19.
  • The company inaugurated its Design Center in Shanghai during the period, focusing on the manufacture of vehicles tailored to the preferences of customers in China. The company is focused on accelerating the delivery of its growth plan moving forward.

The company launched the Ford Mondeo sedan, the Ford Equator Sport SUV, and the Lincoln Zephyr luxury sedan during the period. F is up 0.74%, while 2845 is up 0.72%.