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Auto manufacturers Ford and the Volkswagen Group have announced plans to strengthen their global alliance and release an electric vehicle by 2023. Much to Elon Musk and Tesla’s dismay, VW CEO Herbert Diess explained their goal is to “turn the electric car from a niche product into a mass phenomenon.”
Business Insider reports that Ford and VW recently announced plans to strengthen the companies’ alliance and work together to develop an electric vehicle by 2023. “Ford will become the first additional automaker to use Volkswagen’s dedicated electric vehicle architecture and Modular Electric Toolkit — or MEB — to deliver a high-volume zero-emission vehicle in Europe starting in 2023,” the companies said in a joint statement.
Partnership - Ford - VW - Toolkit - MEB
This partnership will see Ford being the first to use VW’s “modular electric toolkit,” or MEB, an electric vehicle platform that aims to make the production of electric cars cheaper. VW will also follow Ford’s lead, investing in self-driving startup ArgoAI; Ford has already invested $1 billion in the company, VW will invest a further $2.6 billion.
VW CEO Herbert Diess and Ford CEO Jim Hackett discussed the new alliance at a press conference...
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