Geely Auto, China’s second-largest carmaker, has struck a deal with Ford Motor to use the US company’s redundant capacity in Spain to build Electric Vehicles (EVs) amid its stepped-up push to expand globally.Multi-energy cars would be assembled at an idle factory in Almussafes, near Valencia, after the two companies set up a venture, with deliveries expected to begin in 2028, according to a statement by Geely on Thursday.The Chinese group would hold a 34 per cent stake, while Ford would control 66 per cent, it added. Three Ford-branded multi-energy vehicles and two electric Geely-branded models would be assembled at the plant.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS101
ENT8
THU · 2026-07-23 · 11:30 GMTBRIEF NSR-2026-0723-95312
NSR-2026-0723-95312News Report·EN·Economic Impact
China’s Geely partners with Ford to revive Spain plant and deepen European EV drive
Chinese automaker Geely Auto and Ford Motor have formed a joint venture to utilize Ford's idle factory in Almussafes, Spain, for electric vehicle (EV) production. Geely will hold a 34% stake in the venture, while Ford will control 66%.
Daniel RenSouth China Morning PostFiled 2026-07-23 · 11:30 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
101words
Sources cited
1cited
Entities identified
8entities
Quality score
100%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
Chinese automaker Geely Auto and Ford Motor have formed a joint venture to utilize Ford's idle factory in Almussafes, Spain, for electric vehicle (EV) production. Geely will hold a 34% stake in the venture, while Ford will control 66%. The plant will assemble both Ford-branded and Geely-branded multi-energy vehicles, including two electric Geely models. Deliveries are anticipated to commence in 2028. This partnership signifies Geely's intensified efforts to expand its global presence, particularly in the European EV market.
Confidence 0.85Sources 1Claims 5Entities 8
§ 02
Article analysis
Model · rule-basedFraming
Economic Impact
Technology
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.90 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
§ 03
Key claims
5 extracted01
The plant will assemble three Ford-branded multi-energy vehicles and two electric Geely-branded models.
factualGeely
Confidence
1.00
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Geely will hold a 34 per cent stake in the venture, while Ford will control 66 per cent.
factualGeely
Confidence
1.00
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The venture will involve assembling multi-energy cars at an idle factory in Almussafes, Spain.
factualGeely
Confidence
1.00
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Geely Auto and Ford Motor have agreed to use Ford's Spanish plant to build electric vehicles (EVs).
factualGeely
Confidence
1.00
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Deliveries of vehicles from the revived plant are expected to begin in 2028.
predictionGeely
Confidence
0.90
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Full report
1 min read · 101 words§ 05
Entities
8 identifiedKey playerOppositionContextPositiveNeutralNegative
Locations5
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Keywords & salience
9 termselectric vehicles
1.00
geely
0.90
ford
0.90
spain plant
0.80
european ev drive
0.70
global expansion
0.60
car manufacturing
0.50
joint venture
0.50
multi-energy vehicles
0.40
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Topic connections
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