Ford and Geely Form Joint Venture for Electric Vehicle Production in Spain
Ford and Chinese automaker Geely have announced a joint venture to manufacture low- and zero-emission vehicles at Ford's factory in Valencia, Spain. This partnership aims to boost Ford's European market offerings and compete with growing Chinese auto companies globally. The…
Detroit, MI, July 23, 2026 —
Ford and Chinese automaker Geely have announced plans to form a new joint venture aimed at producing low- and zero-emission vehicles. The collaboration will utilize Ford’s existing manufacturing facility in Valencia, Spain.
This partnership is intended to enhance Ford’s product lineup in the European market and to strengthen its competitive position against an increasing number of global automotive companies, particularly those from China.
The formation of the joint venture is subject to regulatory approval. If approved, Ford will hold a two-thirds ownership stake, while Geely will own the remaining one-third.
The venture’s strategic focus will be on the development and manufacturing of five distinct vehicle models. These models are slated to include new sport utility vehicles (SUVs) and a multi-energy crossover. Production is anticipated to commence in 2028.
Story summarized from the original created by Alexa St. John, Associated Press on www.clickondetroit.com, see more information here.
