Ford to Partner with Chinese automaker Geely in Spain Joint VentureJuly 24, 2026Associated Press / news@whmi.comFord and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford's Valencia, Spain factory. These auto companies have been highly subsidized by the Chinese government with a vested interest in their success. While the Valencia factory has annual capacity of 500,000 vehicles, production fell below 100,000 in 2025. Ford and Geely already share history; Ford sold Volvo Cars to the Chinese firm in 2010. “Now, with the help of Geely, Ford can have new products designed for the European market without bearing the full development costs of a new platform.