Volkswagen EV platform
Meghan Reeder | CNBC
Volkswagen is increasing its electric-vehicle collaboration with Ford Motor, the corporate said Monday, signing on to provide the EV structure for a second Ford mannequin for the European market.
As a part of the growth, Ford mentioned it now expects to provide 1.2 million electrical automobiles utilizing Volkswagen’s platform over six years, beginning in 2023 — double its earlier manufacturing plans.
The information was a part of a broader Ford plan for electric vehicles in Europe introduced earlier on Monday.
“Profitability and velocity are actually essential for lastly attaining the breakthrough of e-mobility in Europe. We’re tackling each along with Ford,” mentioned Thomas Schmall, who runs VW’s parts enterprise.
Ford and Volkswagen first introduced a broad collaboration on electric and autonomous vehicles in 2019. The partnership has since expanded to incorporate joint efforts on internal-combustion commercial vehicles and a $2.6 billion investment by Volkswagen in Argo AI, a Ford-backed self-driving startup primarily based in Pittsburgh.
Traditionally it’s extremely uncommon for 2 world automakers to collaborate at this depth. However such collaborations have grow to be extra widespread lately as automakers grapple with the prices and sources wanted to transition to zero-emissions automobiles with larger ranges of automation.
General Motors and Honda have a similar partnership, below which Honda invested in GM’s self-driving subsidiary, Cruise, and dedicated to using GM’s electric-vehicle technology in two upcoming Honda fashions for the U.S. market. The 2 automakers have collaborated on hydrogen fuel cells since 2013, and extra not too long ago arrange a three way partnership to mass-produce fuel cells in Michigan. However Honda final 12 months stepped away from a longer-term plan to make use of GM’s EV structure and mentioned that it’s going to develop its personal for brand spanking new fashions coming later this decade.
The primary Ford mannequin to make use of Volkswagen’s EV structure shall be a battery-electric crossover SUV, anticipated to start transport subsequent 12 months. Ford hasn’t but launched particulars in regards to the second deliberate mannequin.
Each shall be constructed at Ford’s manufacturing complicated in Cologne, Germany.
