Ford-Geely Valencia JV Targets 2028 Production

Ford and Geely will form Europe-focused joint venture to produce vehicles at Ford’s Valencia, Spain plant, with Ford owning 66% and Geely 34%. The operation is set to begin in early 2027, with first models rolling out in 2028, including a new Ford crossover, a new Bronco variant for Europe, and two Geely electric SUVs, while Ford’s Kuga production continues during the transition. The venture will assemble three Ford-branded multi-energy vehicles and two Geely-branded electric SUVs at Valencia, which is slated to become a key European production hub with an annual capacity around 500,000. Geely’s move marks its first production facility in Europe and aligns with a broader strategy to localize EV production in Europe amid geopolitical and tariff pressures. The arrangement is designed to improve cost efficiency, leverage shared development, and protect Valencia’s industrial output, though there are no announced plans to export vehicles to the U.S. at this time. The partnership reflects a wider trend of Chinese automakers deepening Europe production through collaborations with established Western manufacturers to navigate a challenging global market.