Key facts
- Ford and Geely have agreed to produce electric vehicles at Ford's Spanish plant in Almussafes.
- Geely will manufacture two electric SUV models at the plant.
- A joint venture will be formed, with Ford holding a 66% ownership stake.
- The companies will also jointly develop a new electric vehicle model.
Ford and China's Geely have reached an agreement for Geely to produce electric vehicles at Ford's manufacturing facility in Almussafes, Spain. Under the terms of the deal, Geely will build two electric SUV models at the plant. The companies will also collaborate on the development of a new electric vehicle model. A joint venture will be established to oversee these operations, with Ford holding a 66% ownership stake.