Why are Ford Motor (NYSE:F) and Geely Auto forming a joint venture?

Ford Motor (NYSE:F) and Geely Auto are forming the venture to share production capacity and lower per-vehicle manufacturing costs in Europe. The companies plan to use Ford’s Valencia plant for multi-energy and electric passenger vehicles.

What are Ford Motor’s (NYSE:F) and Geely Auto’s ownership stakes?

Ford Motor (NYSE:F) will own 66% of the manufacturing venture, while Geely Auto will own 34%. The partnership remains subject to regulatory approvals.

What vehicles will Ford Motor (NYSE:F) and Geely Auto produce in Valencia?

Ford Motor (NYSE:F) and Geely Auto plan to produce an all-new Ford crossover, a compact Bronco-family SUV and two Geely electric SUVs. Ford will also continue manufacturing the Kuga at the site.

When will Ford Motor (NYSE:F) and Geely Auto start production?

Ford Motor (NYSE:F) and Geely Auto expect the venture to begin operations in the first half of 2027. The companies plan to start producing the new models in 2028.

What does the venture mean for Ford Motor (NYSE:F) and Geely Auto?

The venture gives Ford Motor (NYSE:F) a way to improve Valencia plant utilization and support its European product plan. It gives Geely Auto additional European manufacturing capacity for its international expansion.

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Ford takes 66% of Geely Valencia venture

Written by Mahathir BayenaPublished Jul 23, 2026, 8:40 AM

Ford and Geely agreed to form a Valencia manufacturing venture, with Ford owning 66% and Geely holding 34%.
Ford shares were up about 0.9% at $14.42 in the latest available trading.
The companies plan to produce Ford multi-energy vehicles and two Geely electric SUVs from 2028.

Ford Motor (NYSE:F) and Geely Auto agreed to establish a Europe-focused manufacturing venture at Ford’s Valencia plant.

The venture targets the plant’s approximately 500,000-vehicle annual capacity, with operations expected to begin during the first half of 2027.

Ford will own 66% and Geely 34%, while vehicle production is scheduled to begin in 2028 after regulatory approvals.

The plant will continue producing the Ford Kuga before adding two Ford models and two Geely-branded electric SUVs.

Following the announcement, Ford Motor's share price was up 0.9% at $14.42 in the latest available trading.

Ford said the venture supports its plan to introduce five multi-energy European passenger vehicles by 2029, including a compact Bronco-family SUV.

Geely reported 474,228 overseas sales during the first half of 2026, up 158%, as it expanded into additional international markets.

Ford takes 66% of Geely Valencia venture

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