Ford and Geely, the Chinese conglomerate that owns Volvo, have reportedly reached a deal to establish an electric vehicle (EV) production facility in Spain. The agreement, which has been months in the making, is expected to bring a significant boost to the country's EV manufacturing capabilities and create hundreds of jobs in the region. As the European Union pushes for increased adoption of electric vehicles, Ford's investment in Spain is seen as a strategic move to tap into the growing demand for eco-friendly transportation. With the Spanish plant set to become a major hub for Ford's EV production, the deal is likely to have far-reaching implications for the automotive industry and the country's economy.
Ford and Geely reach deal on Spain plant for EV production - ABC newspaper Investing.com
