​

Volkswagen signs electric vehicle startup as first partner for production platform

The partner will use VW's so-called MEB production system to "bring e-vehicles to market that complement Volkswagen's model offering," the carmaker said in a statement.

By: | Published: March 5, 2019 10:35 AM

Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models. The partner will use VW's so-called MEB production system to "bring e-vehicles to market that complement Volkswagen's model offering," the carmaker said in a statement.

A specific vehicle has yet to be decided on jointly, it added. The VW brand's strategy chief Michael Jost said in a newspaper interview in January the group was in advanced talks with competitors over opening its modular EV production platform to rivals.

The platform seeks the cost advantages of large production numbers by standardizing as much as possible even across very different models. Volkswagen in January said it was exploring joint development of e-vehicles with Ford, under a wide-ranging partnership. The German group plans to invest 30 billion euros ($34 billion) in e-mobility until 2023, it said in a statement on the eve of the Geneva car show.

The carmaker's electric-vehicle investment budget outstrips that of its closest competitors, in pursuit of profitable mass-production of electric vehicles, something that no carmaker has come close to achieving.E.GO Mobile helped develop a delivery van that is being produced by a subsidiary of postal services group Deutsche Post.Among e.GO's other projects, it aims to bring an electric minibus to market in a joint venture with German autos supplier ZF Friedrichshafen.

Do you know What is Automated Manual Transmission (AMT), Electronic Brakeforce Distribution (EBD), Anti-Lock Braking System, Power Steering? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Get the latest cars price and upcoming bikes price in India exclusively at Financial Express. Stay tuned for new cars and bikes reviews, follow us on twitter, Facebook and subscribe us on YouTube for latest auto news.

Next Stories
1Bomb proof 2019 Range Rover Sentinel: 375 hp luxury SUV that might defeat death!
2Kawasaki Ninja H2R needs first service on first day: Someone in India just bought this 322 hp track monster
3US Army’s iconic Hummer to get a beastly replacement: Meet Oshkosh Defense JLTV