Geely to Build Electric Vehicles at Ford Plant in Spain Under New Joint Venture
Chinese automaker Geely will produce electric vehicles (EVs) at a Ford plant in Valencia, Spain under a new joint venture. The partnership is expected to begin operations by mid-2027 with production starting in 2028. Ford will own 66% of the venture while Geely holds 34%, as legacy automakers seek collaboration amid rising competition from Chinese EV manufacturers.
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Topics: electric vehicles international expansion manufacturing partnerships