Ford, Geely Launch 4-Model EV Venture at Spanish Plant, Starting Production in 2028
Updated
Updated · Bloomberg · Jul 24
Ford, Geely Launch 4-Model EV Venture at Spanish Plant, Starting Production in 2028
3 articles · Updated · Bloomberg · Jul 24
Summary
Ford and Geely said their new venture will bring four models to Ford’s underused factory near Valencia, with the first vehicles due off the line in 2028.
Ford will own two-thirds of the joint venture and Geely the remaining one-third, using the partnership to co-develop electric cars at the Spanish site.
The initial lineup includes a jointly developed Ford crossover and another model in the Bronco SUV family, expanding output at a plant Ford has struggled to fully utilize.
The deal gives Ford a European EV partner and Geely a manufacturing foothold in Spain as automakers face cost pressure and intensifying competition in the region.