Ford
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Ford to raise Mustang Mach-E prices in China on May 5
Ford Mustang Mach-E prices in China will be raised by RMB 7,000 yuan - 22,500 yuan ($3,530) on May 5.
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Ford delivers 969 Mustang Mach-E units in China in March
Ford unveiled the Mustang Mach-E in China last April and made its first delivery on December 26.
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Ford to raise Mustang Mach-E prices in China by up to $3,530
Ford's Mustang Mach-E is set to see a price hike in China, ranging from 7,000 to 22,500 yuan ($3,530) depending on the model.
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Ford blames BYD for Mustang Mach-E's lackluster deliveries in China
Ford is experiencing the same unstable battery supply problems as Nio, which is the first reason for the Mustang Mach-E's low deliveries in China.
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Ford vows to beat Nio, Tesla
"We know our competition is Nio and Tesla, and we have to beat them, not match them," Ford CEO Jim Farley said.
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Ford Mustang Mach-E production in China impacted as Covid lockdown in Xi'an affects battery supply
This comes just four days after deliveries of the Ford Mustang Mach-E to the first Chinese buyers began on December 26.
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Ford finally starts delivering Mustang Mach-E in China after long wait drove away some potential buyers
Ford delivered the first Mustang Mach-E vehicles on December 26 to owners who reserved the model at the Shanghai Auto Show in late April.
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Ford China confirms CATL as one of its battery suppliers
Ford's previous power battery supplier in China was BYD and used the latter's 811 ternary lithium battery in its Mustang Mach-E models.
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Ford entices Chinese consumers to order Mustang Mach-E by giving away $2,340 worth of software package
Previously Ford only allowed the first Mustang Mach-E customers to experience the Co-Pilot 360 software for free for 90 days.
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Further Reading: Why some Chinese consumers are canceling orders for Ford Mustang Mach-E
This reflects the dilemma facing traditional car companies transitioning to electric vehicles.
