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