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Ford and Geely Auto have signed a 66/34 joint venture to build EVs at Ford's Valencia plant in Spain, confirming and reshaping the informal deal first rumored in May 2026. The venture adds a Bronco-family SUV, a new Ford crossover, and two Geely electric SUVs from 2028; specific Geely models and full powertrain splits remain unconfirmed.
XPeng CEO He Xiaopeng calls the United States a market the company has to enter eventually and says it would build factories there if American policy permitted it, though there is no timeline. Canada is the more likely first step in North America, with talks underway but no launch decision.
Ford CEO Jim Farley says the company's benchmark factories today are in Mexico and China rather than the US, pointing to stronger process discipline and line-level problem solving, while crediting UAW-staffed US plants with real progress that helped Ford rank first among mass-market brands in J.D. Power's 2026 initial quality study.
Geely has unveiled the Thunder 16-in-1 Intelligent E-Drive, a compact electric drive unit that folds 12 hardware components and 4 control systems into one module. The company says it reaches 93.8% efficiency, among the best figures for a production e-drive, while cutting part count by more than 180 and bringing unit weight down to 75 kg. The unit has already debuted on the Geely Galaxy TT Ultra.
Great Wall Motor's new Haval H10 flagship SUV, sold only as a 458 hp Hi4 plug-in hybrid with up to 200 km of CLTC electric range, drew more than 15,000 orders on its first day on sale in China, priced from 299,800 to 359,800 yuan ($44,200 to $53,100).
The Haval H10 is Great Wall Motor's new flagship SUV, a 5,060 mm six-seater sold only with the plug-in-hybrid Hi4 system. A 1.5-liter turbo engine and two electric motors combine for 458 hp and all-wheel drive, with up to 200 km of CLTC electric range and over 1,300 km of combined range. Chinese prices run from 299,800 to 359,800 yuan (about $44,200 to $53,100).