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Ford and Geely form joint venture to build multi-energy vehicles at Valencia plant from 2028.

Company Fundamentals
23 Jul 2026
PRNewsWire
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Bullish
pluang ai news

Ford and Geely have announced a joint venture to manufacture Ford and Geely multi-energy vehicles at Ford's Valencia, Spain plant starting in 2028. This partnership aims to maximize factory utilization, reduce costs, and produce a new generation of low- and zero-emission vehicles tailored for the European market. The Valencia plant will continue producing the Ford Kuga uninterrupted and will add new models including a Bronco SUV, a multi-energy crossover, and two electric Geely SUVs. The JV supports Geely's European expansion and Ford's plan to launch five new passenger vehicles in Europe by 2029, enhancing competitiveness amid tightening regulations and cost pressures.

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