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China Approves Geely Stake in Ford Espana

China has unconditionally approved Geely to acquire a 34 percent stake in Ford Motors Spanish unit. The partnership includes plans to build electric SUVs in Valencia.

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FILE PHOTO: The Geely logo is seen during the launching of Geely Auto France, in Paris, France, April 28, 2026. REUTERS/Stephanie Lecocq/File Photo

China's market regulator cleared GEELY AUTOMOBILE HOLDINGS LT to acquire a 34% stake in FORD MOTOR CO's Spanish subsidiary, Ford España, on Monday morning. The unconditional approval advances a broader manufacturing partnership between the two automakers in Spain. The deal allows the companies to proceed with a joint venture aimed at expanding European production capabilities.
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