Bangladesh, July 24 -- Chinese automotive giant Geely is set to manufacture electric vehicles (EVs) at Ford Motor Companys underutilized factory in Valencia, Spain, marking a significant milestone in the companys European expansion strategy. The agreement, announced by Spanish Prime Minister Pedro Sánchez on July 23, gives Geely its first vehicle production base within the European Union, allowing the company to assemble cars inside the bloc rather than export them from China.

The move represents another major shift in the global automotive landscape, where Chinese automakers are increasingly investing in European manufacturing facilities to strengthen their market presence while navigating the European Unions trade policies. It als...