Ford-Geely Valencia JV Targets 2028 Production
Ford is selling part of its Almussafes, Spain, plant to Geely to accelerate utilization of an idle assembly line and share manufacturing costs, with Geely planning to build a new energy vehicle on Body 3 for the European market. The deal, expected to be announced by Spanish Prime Minister Pedro Sánchez, underscores a shift in Europe’s auto industry toward collaboration with Chinese manufacturers to preserve jobs and boost EV production.