Ford is in ‘very advanced’ talks to sell part of EU plant to China’s Geely, but there’s more

Ford is reportedly in “very advanced” talks with Volvo owner, Geely, to sell a portion of its Valencia plant in Spain. The deal may involve a new electric vehicle.

Is Ford selling its Valencia plant to Geely?

According to a report from the Spanish media outlet La Tribuna de Automoción, Volvo’s parent company, Geely, has agreed to buy the Body 3 vehicle assembly lines at its Valencia factory in Spain.

Sources familiar with the matter told La Tribuna de Automoción that Geely is considering building a new vehicle at the facility, codenamed “135” internally.

The vehicle, likely the EX2, will be available with hybrid, plug-in hybrid, and all-electric powertrains based on Geely’s GEA (Global Intelligent Electric Architecture) platform.