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Ford to Use Geely Platform in Valencia, Electric SUV Coming in 2029
Ford plans to build a new compact crossover SUV in Valencia based on Geely’s electrified GEA architecture. Geely will acquire a 34% stake in the plant and pay €221 million, a move that also makes strategic sense in light of EU regulations and import tariffs. The market launch is scheduled for 2029, while Ford also plans to produce a separate Bronco SUV there from 2028.