Geely and Ford to Form Spain Joint Venture, Geely's First European Production Base吉利与福特在西班牙成立合资公司,吉利首个欧洲生产基地落地
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Geely Auto (HKEX: 0175) and Ford Motor (NYSE: F) announced on Thursday, Jul 23, 2026, a joint venture in Valencia, Spain, to share factory capacity for producing multi-energy vehicles under both brands for the European market.
Ford will hold 66% of the new entity and Geely Auto 34%; pending regulatory approvals, the joint venture is expected to begin operations in H1 2027, with the first new vehicle rolling off the line in 2028.
The deal gives Geely its first production foothold in Europe, marking a significant step in the Chinese automaker's global expansion strategy.