Overview
- Reports published Wednesday by Spanish outlet La Tribuna de Automoción, echoed by Reuters and others, said Geely agreed to buy the idle Body 3 hall at Ford’s Almussafes plant in Valencia.
- Industry sources say Geely plans to produce vehicles on its GEA platform at the site, with the EX2 small electric crossover named as the likely first model for Europe.
- The talks reportedly include Geely building a Ford-badged vehicle on the same Geely architecture at the Valencia facility.
- Ford responded that nothing is finalized and called the coverage speculation, while Geely has not confirmed the deal.
- Local reports say Geely has already contacted suppliers near Valencia, and producing in Spain would avoid the EU’s 18.8% tariff on Chinese-made electric cars.