{"id":541835,"date":"2026-07-24T02:18:22","date_gmt":"2026-07-24T02:18:22","guid":{"rendered":"https:\/\/www.newjerseyheadlines.com\/news\/story\/541835\/geely-auto-and-ford-establish-joint-venture-in-spain-for-localized-production-in-fords-valencia-plant.html"},"modified":"2026-07-24T02:18:22","modified_gmt":"2026-07-24T02:18:22","slug":"geely-auto-and-ford-establish-joint-venture-in-spain-for-localized-production-in-fords-valencia-plant","status":"publish","type":"post","link":"http:\/\/www.northcarolinaheadlines.com\/news\/story\/541835\/geely-auto-and-ford-establish-joint-venture-in-spain-for-localized-production-in-fords-valencia-plant.html","title":{"rendered":"Geely Auto and Ford Establish Joint Venture in Spain for Localized Production in Ford\u2019s Valencia Plant"},"content":{"rendered":"<ul style=\"text-align: justify\">\n<li><em>The global automakers plan to establish a manufacturing joint venture at Ford&rsquo;s plant in Valencia, Spain, to build Ford and Geely-branded vehicles.<\/em><\/li>\n<li><em>The partnership secures the future of the Valencia plant, guarantees long-term stability and creates the potential for future high-tech manufacturing jobs in Valencia.<\/em><\/li>\n<li><em>The Valencia plant will produce a new generation of low- and zero-emission vehicles for European markets.<\/em><\/li>\n<li><em>The joint venture is expected to produce three Ford-branded multi-energy vehicles and two electric Geely-branded models, starting in 2028.<\/em><\/li>\n<li><em>The collaboration accelerates Geely Auto&#8217;s European expansion, and supports Ford&#8217;s product offensive in Europe.<\/em><\/li>\n<\/ul>\n<p style=\"text-align: justify\">Geely Automobile Holdings (hereafter &#8220;Geely Auto&#8221;) and Ford Motor Company today announced an agreement to form a Europe-focused joint venture (JV) at Ford&#8217;s Valencia, Spain, manufacturing hub.<\/p>\n<p style=\"text-align: justify\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/07\/25d13db8817004c3868ae06ff2be8d19.jpg\" alt=\"\" \/><\/p>\n<p style=\"text-align: justify\">The JV will share production capacity to deliver a world-class lineup of multi-energy vehicles for both Geely Auto and Ford brands that will appeal to European drivers, while simultaneously benefiting the local Valencia economy.<\/p>\n<p style=\"text-align: justify\">Pending regulatory approvals, the JV will officially begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the production line in 2028.<\/p>\n<p style=\"text-align: justify\">The JV will transform Ford&rsquo;s Valencia facility &ndash; already one of Europe&rsquo;s most productive and advanced automotive plants, with a potential annual capacity of approximately 500,000 units &ndash; into a shared, high-tech manufacturing hub. By optimizing factory utilization and sharing development costs, the partnership will bolster operational excellence and provide long-term stability and employment opportunities for Valencia&rsquo;s world-class automotive workforce. Under the proposed ownership structure Geely Auto will own 34% of the new entity and Ford will own 66%.<\/p>\n<p style=\"text-align: justify\">Geely Auto plans to produce two new energy models at the Valencia plant, with the first rolling off the production line in 2028. The venture supports Geely Auto&#8217;s international expansion, following overseas sales of 474,228 vehicles in the first half of 2026, a year-on-year increase of 158%, making it one of the fastest growing Chinese automotive brands in the world.<\/p>\n<p style=\"text-align: justify\">Geely Auto&rsquo;s partnership with Ford is built on a foundation of trust and respect stretching back to 2010 when Ford sold Volvo Cars to Geely and watched it protect and revitalize the brand. Both companies share a commitment to quality, cost-efficient sourcing and continuous improvement, as well as a belief that customers should be able to choose their own path through the energy transition.<\/p>\n<p style=\"text-align: justify\">&ldquo;This strategic cooperation with Ford is an important step towards open collaboration and mutually beneficial to both parties. It represents a milestone in Geely Auto&rsquo;s global development and will further solidify Geely&rsquo;s presence in Europe&rdquo;, said Alex Nan, Vice President of Geely Auto Group. &ldquo;We are dedicated to delivering vehicles that European customers will choose on merit: on industry leading features, on high-quality and on actively contributing to Europe&rsquo;s green future.&rdquo;<\/p>\n<p style=\"text-align: justify\">&ldquo;For nearly 50 years, Valencia has built some of the most-loved cars in our history, and now this team will help build our future,&rdquo; said Jim Baumbick, president, Ford Europe. &ldquo;That&rsquo;s why we&rsquo;re building a flexible, cost-effective industrial system with a capable partner in Geely Auto. Together we can fully utilize a great plant with a great workforce and match the industry&rsquo;s new cost benchmark. This is all part of Ford&rsquo;s vision to give European drivers rally-bred handling, true off-road capability and multi-energy technology, with a distinct Blue Oval DNA.&rdquo;<\/p>\n<p style=\"text-align: justify\"><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/07\/f752a92992d1d1b170534d0b8f36de31.jpg\" alt=\"\" \/><\/p>\n<p style=\"text-align: justify\"><strong><strong>About Geely Auto Group<\/strong><\/strong><\/p>\n<p style=\"text-align: justify\">Geely Auto Group is a leading global automotive company headquartered in Hangzhou, China. Part of Zhejiang Geely Holding Group, Geely Auto Group develops and manufactures passenger vehicles under the Geely, Lynk &amp; Co, and Zeekr brands.<\/p>\n<p style=\"text-align: justify\">With a strong focus on technology innovation, electrification, and sustainable mobility, Geely Auto Group operates world-class R&amp;D centers and manufacturing facilities across China, Europe, and key international markets. The Group is committed to delivering safe, high-quality, and intelligent vehicles enabled by advanced technologies such as hybrid powertrains, full-electric architectures, smart connectivity, and autonomous driving systems.<\/p>\n<p style=\"text-align: justify\">As a global company, Geely Auto Group continues to expand its international presence through strategic partnerships, localized operations, and industry-leading platforms. Geely strives to create mobility solutions that are greener, smarter, and more accessible, driving forward the future of sustainable transportation.<\/p>\n<p class=\"caps\"><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> Geely Automobile Holdings (HangZhou) Co., Ltd.<br \/><strong>Contact Person:<\/strong> Janet Chen<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href='http:\/\/www.universalpressrelease.com\/?pr=geely-auto-and-ford-establish-joint-venture-in-spain-for-localized-production-in-fords-valencia-plant'>Send Email<\/a><br \/><strong>Country:<\/strong> China<br \/><strong>Website:<\/strong> <a rel=\"nofollow noopener\" href=\"http:\/\/global.geely.com\/\" target=\"_blank\">http:\/\/global.geely.com\/<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.getnews.info\/press_stat.php?pr=geely-auto-and-ford-establish-joint-venture-in-spain-for-localized-production-in-fords-valencia-plant\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global automakers plan to establish a manufacturing joint venture at Ford&rsquo;s plant in Valencia, Spain, to build Ford and Geely-branded vehicles. The partnership secures the future of the Valencia<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts\/541835"}],"collection":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/comments?post=541835"}],"version-history":[{"count":0,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts\/541835\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/media?parent=541835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/categories?post=541835"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/tags?post=541835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}