The Ford Kuga is the Chinese-market version of the Escape. Ford has sold almost 40,000 in the last few months. Photo credit: Ford Motor Co.

Ford (NYSE:F) was very late to the Chinese auto market, but lately it has been making up for lost time in a big way. Ford's China sales were up over 40% in June, capping a first half that has been nothing short of spectacular for the Blue Oval.

But Ford is chasing much bigger gains in what is already the world's largest auto market. In this video, contributor John Rosevear explains how Ford is making such rapid progress in China – and why it could mean big things for Ford's stock over the next couple of years.