Ford Motor Co. will start exporting its Maverick sports utility vehicle to China under an agreement between Beijing and Washington intended to boost U.S. exports, the second biggest U.S. automaker said Friday.
The SUVs, produced at a Ford plant in Kansas City, Mo., will be priced at 288,000 yuan ($34,850) each and will be sold through more than 100 Ford brand retail dealers in China, the company said in a statement.
The policy will help Ford sell the SUVs -- called the Escape in the United States -- in China at a more competitive price.
The Maverick, introduced in China in July 2003, was previously sourced from Taiwan and sold in China for 428,000 yuan ($51,800).
The plans are part of a deal for China signed during a buying mission to the United States in November 2003 to buy more U.S. products.
China also promised to buy cars and auto parts from General Motors Corp. and DaimlerChrysler AG, which owns the U.S. based Chrysler.