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Genius — OpenServe

Ford-Geely Valencia JV Targets 2028 Production — Jul 23, 2026Ford is selling part of its Almussafes, Spain, plant to Geely to accelerate utilization of an idle assembly line and share manufacturing costs, with Geely planning to build a new energy vehicle on Body 3 for the European market. The deal, expected to be announced by Spanish Prime Minister Pedro Sánchez, underscores a shift in Europe’s auto industry toward collaboration with Chinese manufacturers to preserve jobs and boost EV production.

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