Ford and Geely Join Forces in Europe to Produce Next-Generation Multi-Energy Vehicles
Ford Motor Company and Geely Automobile Holdings, two major players in the global automotive industry, have recently formalized an agreement to establish a joint venture centered on producing the next generation of multi-energy vehicles at Ford's Valencia plant in Spain. This collaboration is designed to leverage economies of scale and enhance production efficiency, ensuring a robust future for the Valencia facility and creating numerous high-tech job opportunities in automotive manufacturing and design.
As Europe faces intensified global competition, rising operational costs, and stricter regulations, this joint venture aims to address the market's evolving realities by transforming the Valencia plant into a benchmark for cost efficiency within the automotive sector. The facility is set to produce advanced, low-emission vehicles tailored for the European market, promising a superior technological experience for consumers.
The ambitious plans include the introduction of a new multi-energy crossover for Ford, a new family member of the Bronco lineup, and two electric SUVs under the Geely brand, with production expected to kick off in 2028. Meanwhile, the current production of the popular Ford Kuga will continue uninterrupted.
This partnership not only accelerates Geely Auto's expansion efforts in Europe but also supports Ford's strategy of introducing five new passenger vehicles to the region by 2029, reflecting a commitment to innovation and customer satisfaction in a rapidly changing automotive landscape.
The announcement of this joint venture comes at a time when Europe's automotive sector is undergoing transformative changes. The escalating regulatory standards and emergence of new competitors necessitate greater collaboration among manufacturers. By pooling production volumes, Ford and Geely aim to optimize the Valencia plant's output and reduce costs, thus enabling the launch of compelling multi-energy vehicles while contributing positively to the local economy.
Pending regulatory approvals, the joint venture is projected to commence operations in the first half of 2027, with new models slated for production the following year. Alex Nan, Vice President of Geely Group, emphasized the joint venture's goal, stating, "This partnership reflects our commitment to collaborative product development and strengthens our local presence and engagement with European customers. We aim to deliver vehicles that resonate with European consumers for their superior quality and active contribution to sustainable development. Essentially, we are building cars in Europe, for Europe, alongside a trusted partner."
Since 2010, Ford and Geely have shared a foundation of trust and respect, starting with Ford's sale of Volvo Cars to Geely, an endeavor that revitalized the Volvo brand. Both companies are dedicated to maintaining high-quality standards and fostering continuous improvement, solidifying their commitment to giving customers a choice in the energy transition.
Transforming Valencia into a hub of excellence for low-emission mobility is a key aspect of this joint venture. The Valencia plant, considered one of the most efficient and state-of-the-art facilities in Europe, has the potential to produce around 500,000 vehicles annually. Established in 1976 with the launch of the Ford Fiesta, the plant has maintained its place as a significant contributor to the market.
Ford will hold a 66% stake in this new venture, while Geely Auto will possess the remaining 34%. This allocation underscores both companies' dedication to collaboration and shared success in a challenging market. Jim Baumbick, President of Ford Europe, remarked, "For nearly 50 years, Valencia has produced some of our most beloved vehicles, and today this team will help build our future. We are creating a flexible and sustainable industrial system alongside a recognized partner, Geely Auto. Together, we will fully realize the potential of a fantastic facility with an outstanding workforce, establishing a new cost benchmark in the automotive industry."
The joint venture will capitalize on the engineering, manufacturing, and developmental expertise of both Ford and Geely, delivering vehicles equipped with advanced technologies, low or zero emissions, and tailored solutions for European drivers. Among the highlighted models:
1. Ford Kuga: The production of this beloved plug-in hybrid will continue seamlessly at Valencia.
2. New Bronco Model: Valencia is set to produce a new compact, rugged Bronco SUV, designed for European roads, with production beginning in 2028.
3. New Multi-Energy Crossover: A family-oriented multi-energy crossover developed by Ford in close collaboration with Geely is in the works, slated for production in 2028.
Additionally, Geely Auto is preparing to introduce two stylish electric SUVs at the Valencia site, aligning with its growth strategy and European ambition. As Geely continues to expand internationally, achieving impressive sales figures of over 474,228 vehicles in overseas markets in the first half of 2026, this partnership showcases the automotive industry's strength in supporting Europe's industrial fabric through effective public-private cooperation.
Ford Motor Company, headquartered in Dearborn, Michigan, remains committed to building a better world of mobility for all. It combines existing strengths with new capabilities, fostering lasting customer relationships while delivering innovative and versatile vehicles alongside connected services. With approximately 168,000 employees worldwide, Ford aims to provide high-quality vehicles, including trucks, SUVs, vans, and luxury Lincoln cars, through its commitment to innovation and sustainability.
In summary, the joint venture between Ford and Geely marks a significant step forward for both companies, as they adapt to the dynamic demands of the global automotive industry, strengthening their presence and contribution to the European market and leading the charge towards a more sustainable automotive future.
As Europe faces intensified global competition, rising operational costs, and stricter regulations, this joint venture aims to address the market's evolving realities by transforming the Valencia plant into a benchmark for cost efficiency within the automotive sector. The facility is set to produce advanced, low-emission vehicles tailored for the European market, promising a superior technological experience for consumers.
The ambitious plans include the introduction of a new multi-energy crossover for Ford, a new family member of the Bronco lineup, and two electric SUVs under the Geely brand, with production expected to kick off in 2028. Meanwhile, the current production of the popular Ford Kuga will continue uninterrupted.
This partnership not only accelerates Geely Auto's expansion efforts in Europe but also supports Ford's strategy of introducing five new passenger vehicles to the region by 2029, reflecting a commitment to innovation and customer satisfaction in a rapidly changing automotive landscape.
The announcement of this joint venture comes at a time when Europe's automotive sector is undergoing transformative changes. The escalating regulatory standards and emergence of new competitors necessitate greater collaboration among manufacturers. By pooling production volumes, Ford and Geely aim to optimize the Valencia plant's output and reduce costs, thus enabling the launch of compelling multi-energy vehicles while contributing positively to the local economy.
Pending regulatory approvals, the joint venture is projected to commence operations in the first half of 2027, with new models slated for production the following year. Alex Nan, Vice President of Geely Group, emphasized the joint venture's goal, stating, "This partnership reflects our commitment to collaborative product development and strengthens our local presence and engagement with European customers. We aim to deliver vehicles that resonate with European consumers for their superior quality and active contribution to sustainable development. Essentially, we are building cars in Europe, for Europe, alongside a trusted partner."
Since 2010, Ford and Geely have shared a foundation of trust and respect, starting with Ford's sale of Volvo Cars to Geely, an endeavor that revitalized the Volvo brand. Both companies are dedicated to maintaining high-quality standards and fostering continuous improvement, solidifying their commitment to giving customers a choice in the energy transition.
Transforming Valencia into a hub of excellence for low-emission mobility is a key aspect of this joint venture. The Valencia plant, considered one of the most efficient and state-of-the-art facilities in Europe, has the potential to produce around 500,000 vehicles annually. Established in 1976 with the launch of the Ford Fiesta, the plant has maintained its place as a significant contributor to the market.
Ford will hold a 66% stake in this new venture, while Geely Auto will possess the remaining 34%. This allocation underscores both companies' dedication to collaboration and shared success in a challenging market. Jim Baumbick, President of Ford Europe, remarked, "For nearly 50 years, Valencia has produced some of our most beloved vehicles, and today this team will help build our future. We are creating a flexible and sustainable industrial system alongside a recognized partner, Geely Auto. Together, we will fully realize the potential of a fantastic facility with an outstanding workforce, establishing a new cost benchmark in the automotive industry."
The joint venture will capitalize on the engineering, manufacturing, and developmental expertise of both Ford and Geely, delivering vehicles equipped with advanced technologies, low or zero emissions, and tailored solutions for European drivers. Among the highlighted models:
1. Ford Kuga: The production of this beloved plug-in hybrid will continue seamlessly at Valencia.
2. New Bronco Model: Valencia is set to produce a new compact, rugged Bronco SUV, designed for European roads, with production beginning in 2028.
3. New Multi-Energy Crossover: A family-oriented multi-energy crossover developed by Ford in close collaboration with Geely is in the works, slated for production in 2028.
Additionally, Geely Auto is preparing to introduce two stylish electric SUVs at the Valencia site, aligning with its growth strategy and European ambition. As Geely continues to expand internationally, achieving impressive sales figures of over 474,228 vehicles in overseas markets in the first half of 2026, this partnership showcases the automotive industry's strength in supporting Europe's industrial fabric through effective public-private cooperation.
Ford Motor Company, headquartered in Dearborn, Michigan, remains committed to building a better world of mobility for all. It combines existing strengths with new capabilities, fostering lasting customer relationships while delivering innovative and versatile vehicles alongside connected services. With approximately 168,000 employees worldwide, Ford aims to provide high-quality vehicles, including trucks, SUVs, vans, and luxury Lincoln cars, through its commitment to innovation and sustainability.
In summary, the joint venture between Ford and Geely marks a significant step forward for both companies, as they adapt to the dynamic demands of the global automotive industry, strengthening their presence and contribution to the European market and leading the charge towards a more sustainable automotive future.
Topics Auto & Transportation）
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