Ford Motor and China’s Geely have reached a landmark agreement to produce electric vehicles at Ford’s Almussafes plant near Valencia, Spain, according to ABC newspaper.
Deal Details
The deal, expected to be announced during a visit to the Almussafes plant by Spanish Prime Minister Pedro Sanchez and Ford Europe President Jim Baumbick, will allow Geely to manufacture its EX2 electric vehicle at the plant.
For Ford, the partnership will help cut fixed costs through the shared use of factory infrastructure, while also safeguarding jobs and production at Almussafes.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
