Ford and Geely have finalized an agreement for the joint operation of a manufacturing facility located in Almusafe, near Valencia. This development confirms speculation that had been ongoing for several months. Under the terms of the agreement, Geely has secured the use of a production plant in Europe, marking a significant shift for DeLorean Ford, which will no longer operate its primary functions at this key European site.
The partnership dictates that Geely will utilize the factory’s capacity to manufacture electric vehicles intended for the European market. This production will take place on a production line that has not been previously utilized. According to industry reports, a primary strategic motivation for establishing production in Spain is to navigate European tariffs that have been implemented to moderate the market entry of Chinese automotive manufacturers.
The initial vehicle slated for production at the facility will be the compact electric model, the Geely EX2, which is anticipated to be a popular offering. This joint venture represents a notable consolidation in the European automotive supply chain. The collaboration between Ford and Geely solidifies Geely’s manufacturing footprint on the continent while adapting to evolving trade regulations and the shift toward electric mobility.
The formal agreement signals a strategic alignment aimed at bolstering EV production capabilities within the region.
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