Ford Sells Stake in Spanish Plant to China's Geely for EV Production
Ford has sold a 34% stake in its Valencia, Spain plant to Chinese automaker Geely, forming a joint venture to produce five new electric vehicles. This partnership aims to revive Ford's European business and deepen Geely's presence in the European EV market.
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Ford hopes Spain tie-up with China’s Geely will revive European business
Two carmakers say they will form a manufacturing joint venture at US group’s Valencia plant
Read full article →China’s Geely partners with Ford to revive Spain plant and deepen European EV drive
Geely Auto, China’s second-largest carmaker, has struck a deal with Ford Motor to use the US company’s redundant capacity in Spain to build electric vehicles (EVs) amid its stepped-up push to expand globally. Multi-energy cars would be assembled at an idle factory in Almussafes, near Valencia, after the two companies set up a venture, with deliveries expected to begin in 2028, according to a statement by Geely on Thursday. The Chinese group would hold a 34 per cent stake, while Ford would...
By Daniel Ren
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