Ford Is Spending Big On R&D In China


Ford Motor revealed on Monday that it will invest 11.4 billion yuan ($1.8 billion) over the next five years to expand research and development in China.

The American automobile maker has been gaining market share worldwide over the last few years, mostly at the expense of Japanese rivals.

The Dearborn, Michigan-based carmaker is the fifth-largest foreign automaker in China, behind General Motors, Volkswagen, Hyundai Motor and Nissan Motor.

During a corporate event in Shanghai, Chief Executive Mark Fields also introduced the C-MAX Energi, a plug-in hybrid, and the Mondeo conventional hybrid to the China market next year.

“By 2020 we will offer customers in China a range of hybrid, plug-in hybrid and full electric vehicles,” he said. Officials in the region have been attempting to encourage more hybrid and electric vehicles in the region in order to combat an increasingly bad pollution problem.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at