Ford and Geely agree to create a joint venture to manufacture vehicles at Ford's Valencia plant in Spain
Executive summary: Ford announced it will transform its Valencia, Spain factory into a joint venture with Geely, allowing Geely to produce vehicles at the facility. The deal gives Geely a European production base and helps Ford utilize plant capacity amid shifting demand.
Who is involved: Ford Motor Company, Geely Automobile Holdings, and the Valencia plant workforce.
Likely next: The parties will finalize the joint venture agreement, seek regulatory approvals, and begin vehicle assembly under the new structure.
Ford intends to convert its Valencia factory into a joint venture with Chinese automaker Geely, enabling Geely to produce vehicles at the site. The move gives Geely a European manufacturing foothold while helping Ford utilize plant capacity amid shifting demand. Multiple outlets confirmed the agreement, noting the ownership split and the planned production of vehicles bearing both brands.
Timeline
- — Ford compte transformer son usine espagnole de Valence en coentreprise avec le chinois Geely (Le Figaro — Économie)
- — Ford da entrada a Geely en Almussafes con un 34% (Expansión)
- — Joint-Venture: Ford und Geely wollen gemeinsam Autos in Valencia bauen (Handelsblatt)
- — FORD AND GEELY AUTO JOIN FORCES IN EUROPE TO PRODUCE NEXT-GENERATION MULTI-ENERGY VEHICLES IN SPAIN (PR Newswire)
- — Ford verkauft Teil des Spanien-Werks an Rivalen aus China (Der Spiegel — Wirtschaft)
- — Autoindustrie: Ford verkauft wohl Teil von Spanien-Werk an Geely (Handelsblatt)
Analysis — what this means
Sectors affected
- Passenger vehicle assembly in Valencia, Spain
Historical parallels
- Ford’s July 2026 announcement of selling part of its Valencia plant to Geely (Spiegel, 2026-07-23)
Key entities
Sources
- Ford compte transformer son usine espagnole de Valence en coentreprise avec le chinois Geely — Le Figaro — Économie
- Ford da entrada a Geely en Almussafes con un 34% — Expansión
- Joint-Venture: Ford und Geely wollen gemeinsam Autos in Valencia bauen — Handelsblatt
- Ford verkauft Teil des Spanien-Werks an Rivalen aus China — Der Spiegel — Wirtschaft
- Autoindustrie: Ford verkauft wohl Teil von Spanien-Werk an Geely — Handelsblatt
- FORD AND GEELY AUTO JOIN FORCES IN EUROPE TO PRODUCE NEXT-GENERATION MULTI-ENERGY VEHICLES IN SPAIN — PR Newswire
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