Ford and Geely to form joint venture in Valencia, Spain

Ford and Chinese Geely announced a joint venture at Ford's plant in Valencia, Spain, on July 23, 2026. From 2028, the facility will produce new Ford models and two electric SUVs from Geely. Ford will hold a 66% stake and Geely 34%.

“The collaboration provides for the utilization of shared production capacity for manufacturing vehicles of both brands”ads.bankingnews.gr

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