China was a great market last year for American carmakers Ford Motor Co. and General Motors, both posting double-digit sales growths. Ford and its Chinese joint ventures logged a 19-percent surge in China last year to 1.11 million vehicles.
In December alone, Ford sold 13-percent more vehicles to 107,244 – just right after the carmaker had a 2-percent hop in November and a 1-percent drop in October.
According to Ford, its growth in China has been limited by lack of production capacity but is now adding new plants to address this issue. The carmaker’s production operations are being done with partners Chongqing Changan Automobile Co. Ltd. and Jiangling Motors Corp. Ltd.
On the other hand, GM and its local partners sold 12 percent more vehicles in China in 2014 to 3,539,970 units. The carmaker was particularly strong in terms of sales in the last month of 2014, chalking up a volume of 357,375 vehicles, for a 31.9-percent jump.
The huge surge followed a 5.3-percent and 3.2-percent hikes in sales in November and October, respectively.
GM has said that it is planning to spend around $12 billion in China between 2014 and 2017, including the construction of five addition sites to increase its manufacturing capacity in the country where it is partnered with China FAW Group Corp. and SAIC Motor Corp Ltd.