China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe

Ford and Geely announced a joint venture to revive Ford’s plant in Valencia, Spain, where Geely-branded electric SUVs will be produced starting in 2028, according to Free Malaysia Today and CNBC. The venture will be majority-owned by Ford with a 66% stake, while Geely holds 33%, as reported by Free Malaysia Today, CNBC, and El Mundo. Operations are expected to begin in the first half of 2027, with deliveries slated for 2028, per CNBC. The partnership aims to utilize Ford’s idle capacity in Almussafes, near Valencia, to manufacture electric vehicles, as noted by South China Morning Post and Le Figaro. Reuters and AP report that the deal includes plans to produce five models, including two from Ford, two from Geely, and one jointly developed.

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