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StocksMediumUpdated•Originally published 22 July 2026•Updated 23 July 2026•
2 min read

Ford and Geely Form Joint Venture in Spain for Multi-Energy Vehicle Production

Key Facts

1Ford Motor and China's Geely reached a deal to sell part of Ford's Almussafes plant near Valencia.
2The deal paves the way for Geely to manufacture electric vehicles in Spain, according to ABC newspaper.

In a move reflecting a strategic shift in European manufacturing partnerships, Ford and Geely have agreed to form a manufacturing joint venture at the Almussafes plant in Valencia. According to reports, the agreement has evolved from a partial asset sale into a full manufacturing partnership aimed at strengthening production capabilities for both brands within the European Union. This joint venture will integrate the expertise of both companies to secure a flexible production base capable of navigating changing trade dynamics.

The partnership now focuses on producing a next-generation lineup of 'multi-energy' vehicles rather than exclusively battery electric models, providing greater flexibility to meet diverse market demands. Per market data, Ford (F) shares closed at $14.27 on July 21, 2026, while Geely (0175.HK) stood at 18.62 HKD on the same date. This structural collaboration highlights Ford's intent to optimize asset efficiency while enabling Geely's strategic expansion into Western markets.

Investors should watch current price levels, with F at $14.27 and 0175.HK at 18.62 HKD (as of July 21, 2026 close). Regarding upcoming catalysts, the market is assessing global monetary policy following recent Fed official speeches, alongside monitoring manufacturing sector performance in light of recent UK GDP growth data which showed a modest 0.1% increase.