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<blockquote data-quote="Weather Man" data-source="post: 16719116" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3788227-ford-q4-sales-in-china-up-119-sequentially?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Ford Q4 sales in China up 11.9% sequentially</a></h3><p><a href="https://seekingalpha.com/symbol/F" target="_blank">F +2.25%</a>Jan. 14, 2022 7:32 AM ET</p><ul> <li data-xf-list-type="ul">Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) sales in Greater China rose <a href="https://media.ford.com/content/fordmedia/fap/cn/en/news/2022/01/14/ford-china-full-year-2021-sales-increase.html#:~:text=Fourth%2Dquarter%20sales%20in%20Greater,gain%20quarter%2Dover%2Dquarter." target="_blank">3.7% Y/Y for FY2021</a>.</li> <li data-xf-list-type="ul">Q4 sales jumped 11.9% Q/Q to more than 167K units as inventory improved and demand rose for Ford brand passenger vehicles.</li> <li data-xf-list-type="ul">Ford brand passenger vehicle sales grew 18.1% Q/Q to more than 72,000 units in Q4 and for the year sales exceeded 237,000 units, down 1.4%.</li> <li data-xf-list-type="ul">Lincoln was among fastest-growing luxury brands in China, with 2021 sales surpassing 91,000 units, up 48.3% Y/Y, including more than 25,000 units in the quarter, +13.1% Y/Y.</li> <li data-xf-list-type="ul">“Ford starts 2022 with strong momentum from the execution of our China 2.0 plans centered on a robust portfolio and electrification,” said Anning Chen, president and CEO, Ford China. “The steady rollout of new vehicles – including the locally built Ford Mustang Mach-E, Ford EVOS and Lincoln Zephyr – combined with the launch of Ford’s network of direct-to-customer battery electric vehicle stores positions us well for growth ahead.”</li> <li data-xf-list-type="ul">Shares down 0.7% premarket as RBC Capital Markets analyst Joseph Spak cut the recommendation on Ford Motor to sector perform from outperform. Price target set to $26, implying a 3.9% increase from last price.</li> </ul><p></p><h3><a href="https://seekingalpha.com/news/3788153-honda-lg-energy-plan-up-to-35b-us-battery-plant-jv?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Honda, LG Energy plan up to $3.5B U.S. battery plant JV</a></h3><p><a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC +0.82%</a>Jan. 13, 2022 7:54 PM ET<a href="https://seekingalpha.com/news/3788153-honda-lg-energy-plan-up-to-35b-us-battery-plant-jv?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">1 Comment</a></p><ul> <li data-xf-list-type="ul">Honda Motor (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) and South Korea's LG Energy (<a href="https://seekingalpha.com/symbol/LGCLF" target="_blank">OTCPK:LGCLF</a>) plan to <a href="https://www.nasdaq.com/articles/s.koreas-lg-energy-solution-plans-battery-jv-with-honda-in-u.s.-media-report" target="_blank">build a battery-making joint venture project in the U.S.</a> that could cost as much as 4T won, or nearly $3.5B, Reuters reports, citing the <em>Maeil Business Newspaper</em>.</li> <li data-xf-list-type="ul">The potential battery JV could strive for annual production capacity of as much as 40 GWh of batteries, enough to power 600K electric vehicles, according to the report, which does not include details such as when the JV would be built and begin operations.</li> <li data-xf-list-type="ul">LG Energy, LG Chem's battery subsidiary, owns a 20%-plus share of the global electric vehicle battery market and supplies Tesla, General Motors, Volkswagen and others.</li> <li data-xf-list-type="ul">LG Energy, which has battery production sites in the U.S., China, South Korea, Poland and Indonesia, says it plans to invest 5.6T won in North America to build production capacity of more than 160 GWh in the region by 2025.</li> <li data-xf-list-type="ul">Honda recently reported U.S. total sales fell 23% Y/Y to 105K units in December, but <a href="https://seekingalpha.com/news/3785135-honda-motor-us-sales-down-23-in-december-but-rose-9-for-fy2021" target="_blank">rose nearly 9% to 1.46M units for full-year 2021</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16719116, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3788227-ford-q4-sales-in-china-up-119-sequentially?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Ford Q4 sales in China up 11.9% sequentially[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/F']F +2.25%[/URL]Jan. 14, 2022 7:32 AM ET [LIST] [*]Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) sales in Greater China rose [URL='https://media.ford.com/content/fordmedia/fap/cn/en/news/2022/01/14/ford-china-full-year-2021-sales-increase.html#:~:text=Fourth%2Dquarter%20sales%20in%20Greater,gain%20quarter%2Dover%2Dquarter.']3.7% Y/Y for FY2021[/URL]. [*]Q4 sales jumped 11.9% Q/Q to more than 167K units as inventory improved and demand rose for Ford brand passenger vehicles. [*]Ford brand passenger vehicle sales grew 18.1% Q/Q to more than 72,000 units in Q4 and for the year sales exceeded 237,000 units, down 1.4%. [*]Lincoln was among fastest-growing luxury brands in China, with 2021 sales surpassing 91,000 units, up 48.3% Y/Y, including more than 25,000 units in the quarter, +13.1% Y/Y. [*]“Ford starts 2022 with strong momentum from the execution of our China 2.0 plans centered on a robust portfolio and electrification,” said Anning Chen, president and CEO, Ford China. “The steady rollout of new vehicles – including the locally built Ford Mustang Mach-E, Ford EVOS and Lincoln Zephyr – combined with the launch of Ford’s network of direct-to-customer battery electric vehicle stores positions us well for growth ahead.” [*]Shares down 0.7% premarket as RBC Capital Markets analyst Joseph Spak cut the recommendation on Ford Motor to sector perform from outperform. Price target set to $26, implying a 3.9% increase from last price. [/LIST] [HEADING=2][URL='https://seekingalpha.com/news/3788153-honda-lg-energy-plan-up-to-35b-us-battery-plant-jv?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Honda, LG Energy plan up to $3.5B U.S. battery plant JV[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/HMC']HMC +0.82%[/URL]Jan. 13, 2022 7:54 PM ET[URL='https://seekingalpha.com/news/3788153-honda-lg-energy-plan-up-to-35b-us-battery-plant-jv?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']1 Comment[/URL] [LIST] [*]Honda Motor (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) and South Korea's LG Energy ([URL='https://seekingalpha.com/symbol/LGCLF']OTCPK:LGCLF[/URL]) plan to [URL='https://www.nasdaq.com/articles/s.koreas-lg-energy-solution-plans-battery-jv-with-honda-in-u.s.-media-report']build a battery-making joint venture project in the U.S.[/URL] that could cost as much as 4T won, or nearly $3.5B, Reuters reports, citing the [I]Maeil Business Newspaper[/I]. [*]The potential battery JV could strive for annual production capacity of as much as 40 GWh of batteries, enough to power 600K electric vehicles, according to the report, which does not include details such as when the JV would be built and begin operations. [*]LG Energy, LG Chem's battery subsidiary, owns a 20%-plus share of the global electric vehicle battery market and supplies Tesla, General Motors, Volkswagen and others. [*]LG Energy, which has battery production sites in the U.S., China, South Korea, Poland and Indonesia, says it plans to invest 5.6T won in North America to build production capacity of more than 160 GWh in the region by 2025. [*]Honda recently reported U.S. total sales fell 23% Y/Y to 105K units in December, but [URL='https://seekingalpha.com/news/3785135-honda-motor-us-sales-down-23-in-december-but-rose-9-for-fy2021']rose nearly 9% to 1.46M units for full-year 2021[/URL]. [/LIST] [/QUOTE]
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