Changan Ford Explained

Changan Ford Automobile Co., Ltd.
Type:Joint venture
Predecessor:Changan Ford Mazda
Location City:Chongqing
Location Country:China
Area Served:China
Industry:Automotive
Products:Automobiles
Num Employees:10,000+

Changan Ford (; full name Changan Ford Automobile Co., Ltd.) is a Chinese automotive manufacturing company headquartered in Chongqing. It is a 50/50 joint venture between local Changan Automobile and US-based Ford Motor Company. The company's principal activity is the manufacture of Ford brand passenger cars for the Chinese market. The company was formed in December 2012 after the decision to restructure Changan Ford Mazda, whereby Ford and Mazda agreed to work with Changan as separate joint ventures.[1] Currently, Changan Ford's entire production base is the largest manufacturing location outside Detroit, Michigan, for Ford.[2] It has plants in Chongqing, Hangzhou & Harbin.

History

In late 2012, China approved division of the Changan Ford Mazda joint venture 50-50 into separate Ford and Mazda components.[3]

In 2013, Changan Ford opened a new engine plant in Chongqing with an investment of US$500 million.[4] Changan-Ford revealed the Jiayue sub-brand in May 2014. On 18 June 2014, Changan Ford opened its transmission plant in Chongqing with an investment of US$350 million. This is the first transmission plant for Ford in the Asia-Pacific region.[5] During this period, the company nearly doubled market share to 4.5 percent within two years.[6]

In 2015, Changan Ford acquired Harbin Hafei Automobile Group Co, a subsidiary of Chongqing Changan's parent company, for vehicle production started in the second half of 2016. The 2015 acquisition of the automobile facility had expanded Changan Ford's production in China by 200,000 vehicles every year.[7] Production of Jiayue should have started in 2016, but never did. The last Focus Classic was assembled in September of that year.[8] In 2019, the company was fined by the Chinese government for anti-trust practices.[9] It was ordered to pay $23.5 million as penalty for having restricted prices since 2013. The amount constituted four percent of the company's annual sales in Chongqing. .

Products

Current

Former

Gallery

Former

Sales

Calendar yearTotal sales
2012418,500[11]
2013678,950[12]
2014801,603[13]
2015836,425[14]
2016957,495[15]
2017826,740[16]
2018417,215[17]
2019183,987
2020213,680
2021304,682[18]
2022251,000
2023233,122[19]

Notes and References

  1. Web site: Ford, Mazda, Changan get final OK from China to split venture . . https://web.archive.org/web/20220609134947/https://www.reuters.com/article/us-ford-mazda-china-idUSBRE8AT0N220121130 . 9 June 2022 . live .
  2. Web site: Changan Ford commissions third China plant. 杨帆. www.chinadaily.com.cn. 2016-04-19.
  3. News: Restructure of Changan Ford Mazda Automobile Approved. 6 February 2013. Mazda Newsroom. 30 November 2012.
  4. Web site: www.reliableplant.com/Read/26742/Ford-engine-plant-China. https://web.archive.org/web/20170114171508/http://www.reliableplant.com/Read/26742/Ford-engine-plant-China. 2017-01-14. dead.
  5. Web site: Ford Unveils New Transmission Plant in China.
  6. Web site: Bradsher . Keith . April 8, 2014 . China's Embrace of Foreign Cars . January 24, 2024 . The New York Times.
  7. Web site: April 2, 2015 . Ford China joint venture acquires factory in $1.1 billion deal . January 24, 2024 . Reuters.
  8. Web site: Breevoort . Leo . 2021-12-26 . The Big Read Christmas Special: Fake brands . 2024-06-03 . CarNewsChina.com . en-US.
  9. Web site: Garnsey . Steve . June 12, 2019 . Changan Ford fined for anti-competitive practice in China . 2024-01-23 . Automotive Logistics . en.
  10. Web site: Sales. ModelFord Car SalesFord Model. 2015-04-22. Ford Kuga China auto sales figures. 2021-09-09. carsalesbase.com. en-US.
  11. Web site: Ford sales in China up 21% in 2012, 43% in Dec. Alone.
  12. Web site: China Auto Web.
  13. Web site: China Auto Web.
  14. Web site: Ford sells 1.1M vehicles in China in 2015, sets new record - Business Insider . . 2016-04-19 . 2016-04-27 . https://web.archive.org/web/20160427044535/http://www.businessinsider.com/ap-ford-sells-11m-vehicles-in-china-in-2015-sets-new-record-2016-1 . dead .
  15. Web site: Ford sales in China rose 13.6% in 2016.
  16. http://shareholder.ford.com/~/media/Files/F/Ford-IR-V2/events-and-presentations/2018/ford-sold-nearly-1200000-vehicles-in-china-in-2017.pdf{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}
  17. Ford Sold More Than 752,000 Vehicles in China in 2018. 11 January 2019. 12 January 2019. https://web.archive.org/web/20190113023047/https://s22.q4cdn.com/857684434/files/doc_news/2019/01/11/EN_Ford_China_2018_Full_Year_sales_release.pdf. 13 January 2019. live.
  18. Web site: 长安福特2021大不同:从产品设计到用户思维,向全新赛道进发.
  19. Web site: 长安汽车2023年销量255.31万辆,自主品牌占比超八成.