Geely Moves to Acquire Ford Spain Line to Boost EU Production
Geely has agreed to purchase Ford’s idle Body 3 assembly line in Spain, enabling independent vehicle manufacturing and potential collaboration.
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Geely has agreed to purchase Ford’s idle Body 3 assembly line in Spain, enabling independent vehicle manufacturing and potential collaboration.
Ford CEO Jim Farley warns against Chinese automakers entering the US market, citing manufacturing risks and data security concerns.
For Geely, localized production in Europe could cut costs and reduce tariff exposure, as Chinese carmakers accelerate regional manufacturing strategies across the continent.
The cumulative European sales of the Seal U PHEV reached 72,667 units in 2025.
The pace of vehicle OTA updates accelerated significantly in 2025, with the cumulative number of updated functions rising 36.7% YoY.
If an agreement is reached, Ford would use BYD-supplied batteries in vehicle plants outside the United States.
Since the tariff took effect, sales of BEVs in Canada have fallen 39.2% YoY, PHEVs declined 2.2%, and only HEVs bucked the trend, posting a 60.7% increase.
In the pure electric mid-size SUV residual value ranking, ONVO L60, Tesla Model Y and Zeekr 7X led with residual value rates of 71.9%, 71.7% and 71%, respectively.
BYD’s UK market share rose from 2.2% at the start of the year to 3.6% in September.
oversee marketing, sales, and after-sales services for Ford-branded passenger vehicles and pickup trucks in China