Ford and Geely will build EVs together at Ford’s plant in Spain. Ford owns 66%, Geely 34%.
TL;DR
Ford and Geely announced a JV at Ford’s Valencia plant. Ford 66%, Geely 34%. Four models from 2028 including Ford and Geely EVs. Operations start H1 2027.
Ford and Geely announced a manufacturing joint venture on Thursday that will produce electric vehicles at Ford’s plant in Valencia, Spain. Ford will own 66% of the venture, Geely 34%. Pending regulatory approvals, operations begin in the first half of 2027, with the first new vehicles rolling off the line in 2028. The plant will continue making the Ford Kuga in the interim.
The joint venture will produce four models: a new electric crossover for Ford, a new member of the Bronco family, and two electric Geely SUVs. The partnership addresses what the companies called “the new realities of the European market: intense global competition, relentless cost pressure and tightening regulation.” Ford’s relationship with Geely dates to 2010, when Ford...
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