Ford and Geely Join Forces to Produce Five Models at Valencia Plant from 2028

Ford Motor Company and Geely Automobile Holding have announced a joint venture to produce five vehicle models at Ford's Almussafes plant in Valencia, Spain, starting in 2028. The agreement, unveiled on July 23, 2026, aims to maximize the plant's capacity with a focus on electrification and cost efficiency. Source: portafolioco, lavanguardia

The partnership

Under the deal, Ford will hold a 66% stake and Geely 34% in the new entity, which will begin operations in the first half of 2027. Source: abces, elespanol Some earlier reports suggested a 60/40 split, but the official ownership structure is 66/34. Source: portafolioco All current assets of the Valencia plant, including the 4,142 employees, will transfer to the joint venture. Source: elmundoes

The vehicles

By late 2028, the plant will produce five models: the Ford Kuga (already in production), a new multi-energy Ford Bronco, a jointly developed Ford crossover, and two electric SUVs under the Geely brand. Source: lavanguardia, elconfidencial The vehicles are designed to transition toward electrification and cater to European markets. Source: portafolioco

Employment and local impact

Geely has emphasized that it will not bring workers from China and will rely on local talent, with plans to expand the workforce. The vice president of Geely, Victor Yang, stated: 'No traemos mano de obra de China, solamente dependemos de la experiencia y la mano de obra local de Valencia.' The agreement has been welcomed by Spanish Prime Minister Pedro Sánchez, who visited the plant with other officials.