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Ford discounts Mustang Mach-E electric SUVs in China

World

08-03-2023 | 05:44

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Ford discounts Mustang Mach-E electric SUVs in China

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Ford Motor (F.N) said on Wednesday it was offering a discount of 40,000 Yuan ($5,700) on its Mustang Mach-E electric SUVs in China until the end of April.

Mustang Mach-E cars were now available in China at prices starting at 209,900 Yuan in China after the discount, a company representative at Ford China said.

The US automaker had already slashed Mach-E prices by as much as $5,900 in its home market following rival Tesla's (TSLA.O) price cuts for the best-selling Model Y crossover.

Ford said in November it was accelerating Mustang Mach-E production and targeting a global annual output rate of 270,000 by the end of 2023, including its China production. It builds the Mach-E in Mexico and China.

Ford sold 39,458 Mach-Es in the US last year, 45% more than in 2021.

However, Mach-E sales last year in China, the world's largest auto market, were minimal - just 7,782 units. Tesla sold 455,091 Model Ys in China in the same year, according to data from China Association of Automobile Manufacturers (CAAM).

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