Earlier this month Tesla added the Standard Range (SR) Model Y to its lineup in China. The automaker aggressively priced the electric SUV under ¥300,000 ($58,800 CAD) so that it can qualify for local incentives.
The move paid off as local reports indicate tens of thousands of orders for the entry-level Model Y have already been placed and the company’s Q3 supply has already been sold out.
Not to be left behind, Ford is following Tesla’s lead by adding another variant of the Mach-E in China.
The new long range rear wheel-drive Mach-E is similarly priced at ¥282,000 ($55,300 CAD) after incentives. That puts it just ¥7,000 ($1,300 CAD) above the SR Model Y.
Ford explained the rationale for adding the new variant saying it was done after listening to customer feedback.
This is the fifth variant to be added to Ford’s lineup in China, and the second one to qualify for incentives. There is also a standard range rear wheel-drive variant available for ¥265,000 ($52,000 CAD).