Ford ranks second in US electric car sales in 2021, and its share price soars 136%.

According to foreign media reports, Ford Motor sales in the United States in 2021, second only to Tesla, jumped to the second place, and surpassed General Motors. GM electric vehicle sales were deeply affected by the Chevrolet Bolt recall.

Ford's electric vehicle sales grew 36% faster than the entire market segment in 2021 and set new sales records in December and for the whole of 2021. In December, Ford sold 12284 electric vehicles in the United States, up 121% from a year earlier, more than four times the growth rate of the electric vehicle segment as a whole. With the delivery of the Fmur150 Lightning and E-Transit, Ford ushered in a strong momentum for electric vehicles, further increasing Ford's share of electric vehicles.

According to a statement released by Ford on January 5th, Ford's excellent electric car sales performance benefited from the Mustang Mach-E, 2021, when the Mustang Mach-E sold 27140 vehicles. Ford recently said it would triple production at the Mexican plant that makes the car. On Jan. 4, Ford also said it would double production of its Fmur150 Lightning electric pickup truck, which went on sale this spring, pushing its share price to a 20-year high.

Ford shares continued to rise on Jan. 5 after reporting full-year US sales in December and 2021, rising 1.4 per cent to $24.65 as of 11:07 New York time. Ford's share price rose 136% in 2021, making it the biggest gainer among auto stocks.

In December 2021, Ford's light vehicle sales in the United States fell by 17.2%, of which sales of the most profitable F-Series trucks fell by 15.7%. In 2021, Ford sold 1.9 million vehicles in the United States, ranking third in the competition for sales in the U. S. auto market, after Toyota and GM.

But Ford pointed out that it had the highest sales in the US in the fourth quarter of last year, mainly because it launched its first Maverick small pickup truck, selling 13258 in the first few months of its launch. Ford also said it had the largest car inventory of any carmaker at the end of the year, despite a continuing shortage of chips.

"if we can reach a full level of production and deal with some of the disruptions that interfere with industry-wide production, I think we can better develop in the US electric car market," Andrew Frick, Ford's head of US sales, said on a conference call on Jan. 5.

By contrast, GM suspended production of Bolt electric cars in the last two months of last year as it was in the process of repairing Bolt electric cars recalled because of defective batteries. A market analyst believes GM will regain the second place in the US electric car market in the future, but Jim Farley, Ford's chief executive, said Ford would compete for second place with the FMI 150 Lightning.

"We are prepared to maintain the second place, and our goal is to become the second largest electric vehicle manufacturer in the United States," Frick said. With the introduction of Lightning and E-Transit, this obviously puts us in a more advantageous position. "