Sharing the Valencia facility could be a win for both parties, allowing Geely to avoid paying European tariffs on imports of made-in-China EVs and boosting output at a plant Ford has underutilised. Since 2024, it’s only made the Ford Kuga sport utility vehicle, and production likely dropped below 100,000 units last year, according to French consultancy Inovev. The factory has planned annual capacity of 400,000 units.
(Feb 4): Ford Motor Co has held discussions with China’s Zhejiang Geely Holding Group Co about sharing manufacturing capacity in Europe, with the US carmaker seeking new global partnerships as it overhauls its electric vehicle (EV) strategy.
A delegation of Ford executives visited China this week to discuss opportunities, including the use of its assembly plant in Valencia, Spain, according to a person familiar with the matter, who asked not to be identified as the information is private.
