Ford and Geely form joint venture for Valencia plant, targeting 500,000 vehicles/year

Ford and Geely Auto announced a joint venture where Ford holds 66% and Geely 34%, to produce vehicles at Ford's Valencia, Spain plant. The venture aims for annual capacity of 500,000 vehicles, with Ford planning to add four new models by 2029, including a European Bronco SUV and a multi-energy crossover.

“The deal, which has been months in the making, will see the creation of a joint entity with Ford holding a majority stake (66%) and Geely Auto, a Chinese powerhouse, owning the remaining 34%.”blckpress.org

• 1 source
• blckpress.orgFord and Geely's Shock Deal: What's Next for European Car Manufacturing? (2026)Merrill Bechtelar CPANov 9, 2026

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