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Ford to Double Capacity in China
Ford Motor Co. and partner Chongqing Changan Automobile Co. plan to open a $750 million assembly plant in Hangzhou, China, in 2015.
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Ford Motor Co. and partner Chongqing Changan Automobile Co. plan to open a $750 million assembly plant in Hangzhou, China, in 2015.
The facility will add 250,000 units of annual capacity. Two weeks ago the companies said a $600 million expansion would add 350,000 units of capacity at their original plant in Chongqing by 2014.
The two projects will double Ford's production capacity in China to 1.2 million units per year. The company has annual capacity to make 450,000 vehicles at its first factory and 150,000 units at the new facility in Chongqing it opened with Changan last month.
The partners also are erecting two plants set to open in Chongqing next year that will add capacity for 375,000 engines and 400,000 transmissions.
The expansion is part of Ford's plan to boost global annual sales from 6 million vehicles in 2010 to 8 million units by 2015, including 1.5 million units in China.
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