Ford announces major new deal with Chinese car brand to produce Geely vehicles in Europe for first time

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Ford announces major new deal with Chinese car brand to produce Geely vehicles in Europe for first time.

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Ford has unveiled a new joint partnership with a Chinese automaker in a move that will see Geely manufacture vehicles in Europe for the first time.The two car manufacturers plan to establish a manufacturing joint venture at Ford's existing plant in Valencia, Spain.It will build both Ford and Geely vehicles, making it the Chinese brand's first manufacturing base in Europe.The joint venture will begin operations in the first half of 2027, with new vehicles rolling off the production line in 2028, although this is subject to regulatory approvals.

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TRENDING Stories Videos Your Say Ford's Valencia facility has a potential annual capacity of around 500,000 units, with hopes of it developing into a "shared, high-tech manufacturing hub".Under the new joint venture, Geely Auto will own 34 per cent of the new entity, while Ford will own 66 per cent.Geely said it would produce two new energy vehicles at the facility, with hopes of it rolling off the production line within the next two years.The...

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