Overview
- Ford and Geely have reached a reported agreement to form a joint venture that will share capacity at the Almussafes plant near Valencia, with the companies saying formal regulatory approval is required before operations begin.
- Ford has said the joint venture is expected to start in the first half of 2027 if regulators approve and that the first new models are planned to roll off the line in 2028.
- Spanish press reports say Ford will sell or transfer part of the Almussafes site to Geely to enable local production, though those details have not been fully confirmed by the companies.
- Media accounts differ on which Geely models will be built: one report names the EX2 small EV while Reuters cites the EX5 SUV as the first Geely model, and Ford-related reports say the plant will continue Kuga output and aim to add a new Bronco-family SUV and a Ford crossover around 2028.
- The deal is pitched as a way for Geely to avoid EU import tariffs by producing inside the bloc and for Ford to raise plant utilization, cut fixed costs, and help preserve jobs at one of its largest European factories while regulatory filings and official model allocations remain pending.