Sharing isn’t caring when it comes to automotive partnerships between car manufacturers. Many last until one side has sucked the other dry before the unsuspecting partner realizes what is going on. Such is the case with Ford and Volkswagen who teamed up like burley WWE wrestlers to form a joint EV partnership, but who made who? Ford launched two new EVs based on Volkswagen’s proprietary MEB electric platform.
The partnership with VW saved Ford two years of development, and now Ford will put that learning and convert its Germany, Cologne factory into an EV production facility. The move will end the production of the Fiesta which will be discontinued due to low-volume sales and Ford’s transition to EVs. The transition will cost £2BN, and by 2026 Ford is predicting it will sell around 600,000 EVs annually in Europe.
Ford will reveal its Volkswagen ID4-based EV in March, and it is scheduled to go into production in 2024. Meanwhile, Ford is pushing ahead with plans to convert its production facility in Valencia, Spain into an EV gigafactory using in-house developed proprietary technology. The factory currently manufactures the S-Max, Kuga, and Galaxy models.
Ford’s plan is to go from analog car manufacture to a fully digital software-first tech brand in the same way Tesla brands has always branded itself as a software company.