Ford, Renault Join Forces on Affordable EVs in Europe to Counter China

‘We know we’re in a fight for our lives in our industry,’ Ford CEO Jim Farley told reporters.
Ford, Renault Join Forces on Affordable EVs in Europe to Counter China
A Ford logo is seen on the Ford Motor World headquarters in Dearborn, Mich., in a file photo. Rebecca Cook/Reuters
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Ford is partnering with Renault to develop smaller, more affordable electric vehicles (EVs) for the European market, aiming to counter rising competition from Chinese rivals.

The automakers signed a partnership agreement to jointly produce two Ford-branded passenger electric cars using Renault’s Ampere platform—the company’s dedicated EV infrastructure.
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Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."