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Ford and Geely plan Spain joint venture to build multi-energy passenger EVs

Ford logoFord
Sig3.25Sen+2.70Env+1.90Soc+0.20Gov+0.40
Geely logoGeely
Sig2.90Sen+2.10Env+1.60Soc0.00Gov0.00
Mitsubishi Corporation logoMitsubishi Corporation
Sig2.40Sen+1.40Env+0.30Soc0.00Gov0.00
Sony logoSony
Sig1.86Sen+1.24Env+0.38Soc+0.29Gov+0.22

Ford and Geely will create a Europe-focused manufacturing joint venture at Ford’s Valencia, Spain plant, producing multi-energy passenger vehicles including low- and zero-emission models starting in 2028. Ford will own 66% and Geely 34%, with operations planned to begin in October 2026. Separate partnerships also cover agentic AI cloud services for Novo Nordisk and factory automation using Sony and Mitsubishi Electric technologies.

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