Geely set to take over Ford's Valencia plant section for EV production

According to Spanish media reports, Ford and Geely have reached an agreement over the transfer of the 'Body 3' assembly hall at the Almussafes factory near Valencia. The deal would mark a significant development for the struggling plant, which has faced deep uncertainty since Ford announced its gradual withdrawal from vehicle production in the region.

Geely's reported plan is to manufacture an electrified model aimed at the European market from the acquired facility. Sources suggest that a derivative of the same vehicle could also be produced under the Ford brand, pointing to a potential co-development or contract manufacturing arrangement between the two companies.

For the local workforce and the Valencia region, the news brings a degree of relief. The Almussafes plant has already seen significant job losses following Ford's scale-back, and a Geely-led revival of electric vehicle production could preserve a meaningful share of the site's industrial capacity.

Neither Ford nor Geely has officially confirmed the agreement as of yet. The move would nonetheless align with Geely's broader European ambitions: the Chinese conglomerate — which owns Volvo, Polestar, and Lotus — has been actively seeking manufacturing footholds across the continent to serve the growing European EV market.