Ford Motor Company has selected its factory in Cologne, Germany to manufacture electric vehicles (EVs) based on Volkswagen’s modular electric drive matrix (MEB) platform.
According to media reports, Ford is investing $1.2-2bn to equip the plant with EV capabilities. The company expects to sell 100,000 units of the MEB platform-based cars per year, beginning deliveries in 2023. The agreement to share the MEB design with Ford was signed by Volkswagen in January. The platform is already in use in the ID.3 and ID.4 models.
Volkswagen invested a similar figure for an EV conversion of its factory in Zwickau, Germany to begin production of the ID.3 in September. The German automaker plans to build 300,000 units in 2021 and scale toward 1mn units by 2025.