Ford and Volkswagen expand EV platform collaboration

Ford and Volkswagen expand EV platform collaboration

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Mar 14, 2022 by Seeking Alpha

Key Facts

  • cemagraphics/iStock via Getty Images Ford (F -2.5%) and Volkswagen (OTCPK:VLKAF +5.0%) expanded their collaboration on an electric vehicle share architecture with a plan to build another model off the platform.
  • The first Ford (NYSE:F) model to use Volkswagen’s EV architecture will be a battery electric crossover SUV, while details on the second planned model have not been released yet.
  • As part of the new electric platform expansion, Ford (F) now expects to produce 1.2M electric vehicles using Volkswagen’s (OTCPK:VLKAF) platform over a six-year period that starts in 2023.
  • Ford (F) and Volkswagen(OTCPK:VLKAF) announced their broad collaboration on electric and autonomous vehicles back in 2019.

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