Ford’s luxury Lincoln brand has been quite popular in China — last year, the company posted a stunning 180 percent growth in sales, selling 32,558 vehicles. To meet demand, Lincoln doubled its Chinese footprint in 2016 to 65 Lincoln stores and seven branches.
“The Lincoln product and ownership in China is resonating with Chinese customers even beyond our expectations,” Kumar Galhotra, president of Lincoln, said in a statement. “We are now taking Lincoln to the next level by building a new SUV in China to join a dynamic lineup of imported cars and SUVs.”
The Michigan-based company will still continue exporting Lincoln vehicles from North America, including its flagship luxury sedan, the Lincoln Continental, which launched last year.
Boeing’s new factory will focus on finishing the interior and exterior of the company’s popular commercial 737 aircraft, along with delivery to Chinese customers, according to Boeing. The plant, a joint venture with state-owned Commercial Aircraft Corporation of China, was announced in 2015 and will be located in Zhoushan, a city in northeastern China. The factory is estimated to create 2,000 jobs, reported Chinese state media.
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