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Ford-Volkswagen electric vehicle partnership expanded in Europe

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Volkswagen EV platform

Meghan Reeder | CNBC

VolkswagenIt is expanding its partnership with electric-vehicle manufacturers Ford MotorThe company said Monday, signed on to provide the EV architecture of a second Ford model in Europe.

As part of the expansion, Ford said it now expects to produce 1.2 million electric vehicles using Volkswagen’s platform over six years, starting in 2023 — double its previous production plans.

This news is part of an a broader Ford plan for electric vehicles in EuropeAnnounced earlier Monday

To finally achieve the breakthrough of electric mobility in Europe, we need to be able to rely on both profitability and speed. Thomas Schmall who manages VW’s component business said that they are working together to tackle both.

Ford and Volkswagen announced the first time a broad collaboration on electric and autonomous vehiclesIn 2019. In 2019, the collaboration has been expanded to include collaborative efforts. internal-combustion commercial vehiclesAnd a $2.6 billion investment by Volkswagen in Argo AIFord-backed, self-driving startup located in Pittsburgh.

Two global automakers have never collaborated at such depth. These collaborations are more common as automakers face increased costs and greater automation.

General MotorsAnd HondaHave a similar partnershipHonda invested in GM’s self-driving subsidiaryCruise and dedicated to using GM’s electric-vehicle technologyTwo new Honda models are coming to the U.S. These two carmakers collaborated on hydrogen fuel cellsSeit 2013 and recently started a joint venture mass-produce fuel cells in Michigan. Honda was the winner last year stepped away from a longer-term planGM said it would use its EV architecture for future models and that it plans to develop its own.

One of the first Ford models to utilize Volkswagen’s EV architecture is a crossover SUV that runs on battery power. This model will go into production next year. Ford has not yet revealed details on the planned second model.

They will both be constructed at Ford’s Cologne manufacturing plant.

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