Renault Group and Ford have partnered to develop two affordable electric cars in Europe, starting in 2028. The cars will be manufactured by Renault in France. A potential collaboration in the commercial vehicle segment is also on the horizon. This move aims to enhance competitiveness in the European market.

The strategic partnership between Renault Group and Ford combines their expertise and industrial scale in Europe. Renault Group’s CEO, François Provost, highlights the strength of the cooperation, emphasizing innovation and responsiveness in the European automotive market. Ford’s CEO, Jim Farley, sees the partnership as a crucial step to build a future-ready business in Europe.

GlobalData analyst Justin Cox notes the partnership’s response to increased competition in the European electric vehicle market. This collaboration helps both companies reduce costs on future electric vehicles, including passenger cars and potentially light commercial vehicles. The partnership aims to leverage Renault’s EV assets and Ford’s design and driving dynamics for fun, capable vehicles.

Read more at Yahoo Finance: Ford and Renault form strategic partnership for BEVS