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Ford will build an EV crossover with China's help, plus a new Bronco is coming
Electrek • • business
Key Points:
- Ford and China’s Geely have officially formed a joint venture to manufacture new energy vehicles at Ford’s Valencia plant in Spain, aiming to produce up to 500,000 vehicles annually starting in 2028.
- Ford will hold a 66% stake in the JV, with Geely owning 34%, and both companies will develop electric and plug-in hybrid vehicles tailored for the European market.
- Ford plans to launch a new multi-energy electric crossover and a compact Bronco model at the facility, while Geely will produce two new electric SUVs, including a rebadged version of China’s best-selling EX2.
- The partnership aims to reduce production costs to better compete with lower-priced Chinese EVs and leverage Geely’s technology, including advanced driver-assistance systems.
- This alliance helps Geely avoid EU import tariffs and supports Ford’s strategy to strengthen European manufacturing through collaborations with other automakers like Volkswagen and Renault.
