Date
19 November 2017
Johnny Ng (second from right) says Ford hopes to tap into replacement demand for taxis. Photo: HKEJ
Johnny Ng (second from right) says Ford hopes to tap into replacement demand for taxis. Photo: HKEJ

Ford eyeing half of Hong Kong taxi market

Ford Motors Ltd. has debuted its Transit Connect taxi in Hong Kong and is eyeing a market share of 30-50 percent, the Hong Kong Economic Journal reported Thursday.

The US carmaker is hoping to tap into the high demand in the coming two to three years, when many old taxis in the city are expected to be replaced, the report said, citing Johnny Ng Siu-keung, managing director of the taxi’s distributor, Future Motors Ltd.

The Ford taxi is priced at about HK$250,000 (US$32,250). Fueled by liquefied petroleum gas, it can run 500 kilometers on a full tank. Its rear storage capacity of 1,656 liters is three times that of other taxis on the city’s roads.

Veteran taxi drivers, especially those who often pick up passengers at the airport, find the taxi’s long range and large storage capacity attractive.

Hong Kong has 18,000 taxis, most of which are the Toyota Comfort model, priced at HK$220,000. 

Nissan launched in December its hybrid diesel/LPG-fueled taxi, the NV200, priced at HK$280,000.

Translation by Vey Wong

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