Ford and Geely Form Joint Venture in Spain, Multi-Energy Vehicles from 2028

On July 23, 2026, Ford Motor Company and Geely Automobile Holdings announced a manufacturing joint venture at Ford's Valencia, Spain plant. Ford holds 66% and Geely 34% of the JV, which will share a facility with annual capacity of approximately 500,000 units to produce multi-energy vehicles for both brands. Operations are expected to begin in H1 2027, with the first new models rolling off the line in 2028. The move accelerates Geely's European localization strategy while supporting Ford's product offensive in Europe.

1031 day ago