Visitors walk past the Ford Escape Titanium at the Shanghai Auto Show on April 17, 2019 in Shanghai.
Greg Baker| AFP | Getty Images
Detroit – ford motor joined his crosstown rival General Motors In reporting its worst quarterly sales in China since the start of the coronavirus pandemic, a resurgence of covid-19 cases In-country and ongoing global supply chain problems.
Ford said it sold 120,000 vehicles during the second quarter, a drop of about 22% from a year ago and its worst sales in Greater China since less than 89,000 units were sold during the first quarter of 2020, when the government Brought the covid restrictions imposed by. country’s production halted
one in Thursday night releaseFord said sales improved sharply in June with the easing of restrictions as total sales exceeded 50,000 units, up 3% year-on-year and 38% month-on-month.
“The resurgence of the pandemic over the past few months challenges us to address the supply chain and logistics constraints Ford expects to grow in the second half of the year,” Ford China President and CEO Anning Chen said in the statement.
But there may still be challenges ahead. of mainland china daily covid case count, In the last several days, about 200 or 300 new cases have increased from a few cases. According to Nomura’s Chief China Economist Ting Lu, the number of cities restricting local movement due to Kovid more than doubled to 11 in a week, from five a week ago.
GM on reported on Wednesday Its second-quarter sales in China declined 35.5% to 484,200 vehicles, its lowest since the first quarter of 2020 at 461,700 vehicles.
-CNBC evelyn cheng contributed to this report.