Ford and Geely will build EVs together at Ford’s plant in Spain. Ford owns 66%, Geely 34%.

Ford and Geely announced a manufacturing joint venture to produce electric vehicles at Ford's Valencia plant in Spain. Ford holds 66% ownership, while Geely holds 34%. Pending regulatory approvals, operations commence in the first half of 2027, with vehicle production starting in 2028. Simultaneously, Ford is advancing its electric vehicle strategy by integrating Apple Maps to power navigation in its upcoming slate of EVs, marking a significant push into the electric vehicle sector.