Ford and Geely forms a joint venture in Valencia, Spain. Credit: Geely Understand China EV’s Market Real-time notifications when critical EV data is released All important data in one place 2,000,000+ data points Become a member Today, Ford Motor Company and Geely Automotive Holding Ltd. have announced the formation of a joint venture based at Ford’s Valencia plant in Spain. The partnership aims to leverage shared production capacities to develop and manufacture a diverse range of energy vehicles for both brands. Under the proposed ownership structure, Geely Auto will own 34% of the entity, and Ford will own 66%. The venture is designed to accelerate Ford’s product offensive in Europe while fast-tracking Geely’s localisation strategy across the continent. Pending regulatory approval, the joint venture is expected to officially begin operations in the first half of 2027, with the first new model scheduled to roll off the assembly line in 2028. A manufacturing powerhouseThe Valencia plant, one of Europe’s largest and most technologically advanced facilities with an annual capacity of approximately 500,000 vehicles, will serve as the shared manufacturing hub. By transforming the site into a collaborative centre, both companies expect to improve capacity utilisation, enhance product development efficiency, and reduce overall costs. The move is also expected to bolster the local Spanish economy by creating more jobs within the automotive sector. Executives from both sides. The product roadmapThe joint venture will maintain the existing production of the Ford Kuga while expanding the portfolio with several launches slated for 2028: The Bronco family expansion: A new, rugged compact SUV will join the Ford Bronco family. Co-Developed Crossover: A brand-new Ford crossover will be introduced. While Ford will lead the design, the vehicle will be jointly developed with Geely. Geely’s European push: Geely will produce two new energy vehicles at the plant, starting in 2028. This includes the EX2, known in the Chinese market as the Geely Xingyuan, which is a top-selling model. This partnership comes at a time of growth for Geely in international markets. In the first half of 2026, Geely Automotive reported overseas sales of 474,000 units, representing a year-on-year increase of 158%. Most important news in your inbox. Recaps · scheduled All you need, in one email. Instant alerts · real-time Ping me when an article goes live. 0 of 27 topics selected Bundle into one email per day — instead of one email per article No spam · Unsubscribe with one click · Change settings anytime