Ford to Use Geely EV Platform, Sell Part of Valencia Factory
12 Articles
12 Articles
Behind Geely (the giant who is going to buy part of the Almussafes factory) is Li Shufu, an industrialist known as the Chinese Henry Ford for the way he has revolutionized the automobile in his country. Geely’s owner is the son of humble farmers, belongs to the communist party and accumulates a fortune of more than 15 billion euros.
Ford and Geely move closer to a major EV deal in Spain
Ford has a huge factory in Valencia, Spain, but it has a problem. The site is underutilized and does not produce enough vehicles to stay profitable. To fix this, Ford is in very advanced talks with Geely, the large Chinese company that owns Volvo. The two companies want to strike a deal that would change how the Valencia plant operates. Reports suggest Geely may buy a specific part of the factory to build its own electric cars. According to the …
Chinese brands are already clear where they want to take root in Europe for their electrics and batteries. They are not one or two, but many Chinese brands that have put their eye on our country to make their electric cars and their batteries. What are the reasons why giants like Leapmotor, Chery and even BYD are “putting eyes” on Spain?For a few years we have been witnessing an unparalleled expansion of Chinese brands on the European market. Gr…
Ford nears Geely partnership deal at Spain plant amid global EV strategy shift
On the Dash: Ford continues expanding partnerships to reduce EV development costs and accelerate global competitiveness Multi-energy vehicle production signals continued industry focus on hybrid flexibility over all-EV strategies Global platform sharing could influence future product sourcing, pricing, and inventory strategies Ford is reportedly nearing a deal with Geely that would expand the Chinese automaker’s presence at Ford’s Valencia Asse…
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