Ford and Geely have agreed to form a joint venture to revitalize the Almussafes factory in Valencia, Spain. This partnership aims to secure the future of the plant by producing a new generation of electric and plug-in hybrid vehicles starting in 2028.
The Ford facility has been operating at reduced capacity, sparking concerns about potential closures among the workforce. Under the new deal, Ford will hold a 66% stake in the joint venture, while Geely will own the remaining 34%. Operations are expected to merge within the first half of 2027.
The production line will feature a mix of vehicles:
▫️ Ford Kuga and the new Ford Bronco Sport
▫️ Two Geely electric models
▫️ One joint multi-energy model designed with Ford’s driving dynamics
Unlike recent collaborations where Geely partnered with Renault or Volkswagen to share platforms, this deal directly integrates Geely into an established Ford production site to prevent its obsolescence.
Empty factory space costs more to maintain than a shared production line.
#Ford #Geely #Automotive
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