Ford Discount on Mustang Mach-E Electric SUV in China
Ford is currently offering a discount on its Mustang Mach-E electric SUVs in China. The discount is valid until the end of April. The discount amounts to 40,000 yuan ($5,700) off the price of the Mustang Mach-E. After the discount, the starting price for the Mustang Mach-E in China is 209,900 yuan. This discount is part of Ford’s efforts to boost sales in the Chinese electric vehicle market.
Ford sold 7,782 Mustang Mach-E models in China last year, compared to nearly 40,000 in the US. In response to the low sales in China, Ford has decided to discount the price of the Mustang Mach-E to remain competitive in the rapidly expanding Chinese EV market.
It’s worth noting that the Mustang Mach-E is Ford’s only battery electric vehicle (BEV) currently being manufactured and sold in China. Ford is aiming to increase Mustang Mach-E production and achieve a global annual output rate of 270,000 units by the end of 2023.
Pricing and Availability
The starting price for the Mustang Mach-E in China, after the discount, is 209,900 yuan. The Mustang Mach-E is available in four different trims and comes with two battery options: a standard range battery of 70kWh and an extended range battery of 91kWh. The vehicle offers comfortable seating for up to five people and ample cargo space.
Ford’s Strategy in China
Ford has been working to expand its presence in China’s electric vehicle market. The company has set up storefronts in China where customers can see the vehicles, learn about all-electric products, and place orders. Ford plans to continue growing these stores in the coming months.
In addition to offering discounts on the Mustang Mach-E, Ford is also focused on localizing production in China. The Mustang Mach-E sold in China is manufactured locally for the Chinese market, making it more affordable compared to the US-spec model that is made in Mexico.
Ford’s decision to discount the Mustang Mach-E in China is seen as a response to Tesla’s major price cuts on the Model Y in January 2023. Ford aims to boost sales in China, which is the world’s largest car market.
Conclusion
Ford is currently offering a discount on its Mustang Mach-E electric SUVs in China. The discount amounts to 40,000 yuan ($5,700) and is valid until the end of April. After the discount, the starting price for the Mustang Mach-E in China is 209,900 yuan. This discount is part of Ford’s strategy to boost sales in the Chinese electric vehicle market.
Contents
- How much is the Ford Mustang Mach-E in China?
- Why did Ford stop making Mach-E?
- How many Mustangs sold in China?
- Does Mach-E qualify for 7500 tax credit?
- Is the Mach-E made in China?
- What is the federal rebate for the Ford Mach-E?
- Did Ford lower the price of the Mustang Mach-E?
- Is the Mustang Mach-E made in China?
- Does Mustang Mach-E qualify for EV tax credit?
- How long will Mustang Mach-E last?
How much is the Ford Mustang Mach-E in China?
On December 10th, the 2024 Ford Mustang Mach-E officially hit the market in China, featuring a lineup of 5 trim levels with prices ranging from 239,800 yuan to 359,800 yuan.
Why did Ford stop making Mach-E?
In April 2022, Ford stopped accepting new orders for the 2022 model year Mustang Mach-E due to its popularity. In June 2022, the CFO of Ford Motor announced that the profitability of the Mustang Mach-E has been wiped out due to increases in the cost of raw materials.
How many Mustangs sold in China?
In 2022, Ford Mustang Mach-E sold 4,860 units in China, which accounted for approximately 0.1% of the pure EV market in China. With the model’s price reduction of 28,000 RMB (4,000 USD) in October 2022, sales increased in November and December. Before November, the model’s cumulative sales were 2,648.
Does Mach-E qualify for 7500 tax credit?
Which EVs Lose Their Tax Credit for 2024? The Rear Wheel Drive and Long Range versions of the Tesla Model 3 will no longer qualify for a $7,500 tax credit. The Ford Mustang Mach-E and E-Transit van and the Lincoln Aviator Grand Touring plug-in hybrid (PHEV) will no longer qualify.
Is the Mach-E made in China?
In February 2021, Ford announced the vehicle would be produced in China by the Changan Ford joint venture for the Chinese domestic market in order to penetrate the nation’s electric vehicle market. In April 2022, Ford stopped accepting new orders for the 2022 model year Mustang Mach-E due to its popularity.
What is the federal rebate for the Ford Mach-E?
Vehicles That Qualify For The EV Tax Credit In 2023
| Model | Year | Credit Amt |
|---|---|---|
| Mustang Mach-E (Extended Range Battery) | 2022-2023 | $3,750 |
| Mustang Mach-E (Standard Range Battery) | 2022-2023 | $3,750 |
| Grand Cherokee PHEV 4xe | 2022-2023 | $3,750 |
| Wrangler PHEV 4xe | 2022-2023 | $3,750 |
Did Ford lower the price of the Mustang Mach-E?
The higher-end Mach-E GT spec will cost about $7,600 less, at $52,395. Other versions including the extended-range premium version will drop in price by $8,100 to $48,895. Ford said the price cuts come as the automaker continues “to adapt to the market to achieve the optimal mix of sales growth and customer value.”
Is the Mustang Mach-E made in China?
Ford said in November it was accelerating Mustang Mach-E production and targeting a global annual output rate of 270,000 by the end of 2023, including its China production. It builds the Mach-E in Mexico and China. Ford sold 39,458 Mach-Es in the U.S. last year, 45% more than in 2021.
Does Mustang Mach-E qualify for EV tax credit?
Ford Mach-E will no longer qualify for the EV tax credit
Starting on January 1, more restrictions will be put into place. EVs with battery components from a “foreign entity of concern,” such as China, will lose a portion of the tax credit. In 2025, the rules will get even tighter.
How long will Mustang Mach-E last?
Your Ford Mustang Mach-E battery will ordinarily last between 3 to 5 years, but that can fluctuate heavily depending on weather conditions battery size, type of battery, and driving habits.
