Ford plans to launch plug-in hybrid car in China in 2018

Record ID: 566492

  • Title: Ford plans to launch plug-in hybrid car in China in 2018
  • Date: 8th April 2017
  • Summary: (SOUNDBITE) (English) FORD PRESIDENT AND CEO, MARK FIELDS, SAYING: "Yes, we are going to be introducing the Mondeo Energi plug-in hybird next year into our plants in Chongqing here in China. But overall, by the time we get to mid-decade, the next decade, so 2025, we expect nearly 70 percent of our vehicles in China to have some sort of electrification option. And that's really driven not only by the consumer demand but also by regulations, which China is one of the most stringent countries in terms of fuel economy and CO2 emissions and of course we want to meet that and meet the needs of consumers." VARIOUS OF FORD HYBIRD MONDEO ENERGI SEDAN ON DISPLAY 18 INSIDE OF FORD HYBIRD MONDEO ENERGI SEDAN VARIOUS OF FORD HYBIRD MONDEO ENERGI SEDAN ON DISPLAY FORD RANGER PICKUP TRUCK ON DISPLAY STEERING WHEEL OF FORD RANGER PICKUP TRUCK VARIOUS OF FORD RANGER PICKUP TRUCK ON DISPLAY
  • Embargoed: 22nd April 2017 18:51
  • Keywords: Ford China hybrid plug-in car Shanghai CEO Mark Fields Mondeo Energi Ranger truck sedan
  • Location: SHANGHAI, CHINA
  • City: SHANGHAI, CHINA
  • Country: China
  • Topics: Company News Markets,Economic Events
  • Reuters ID: LVA0066BJG5U5
  • Aspect Ratio: 16:9
  • Story Text: Ford Motor Co unveiled its plug-in hybird car, the Mondeo Energi sedan and its mid-size Ranger pickup truck on Saturday (April 8) in Shanghai, China.
    The plug-in hybrid car will be launched in China in 2018 and a fully electric sport-utility vehicle in the next five years, as it works toward electrifying most of its lineup in the world's biggest auto market by 2025.
    This comes at a time when Beijing is urging automakers to sell more electric vehicles, laying out strict fuel economy targets and subsidizing certain new energy vehicle models, in a bid to cut air pollution and promote technological innovation.
    Ford Chief Executive Mark Fields said the company plans for 70 percent of Ford brand vehicles sold in China to be conventional hybrids, plug-in hybrids or full battery electric by 2025.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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