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The two auto giants are exploring cooperation, and PSA Group and FCA Group are expected to cooperate in the production of electric vehicles.

2024-11-05 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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With the development of the Internet and electric vehicles, opportunities for cooperation among traditional automakers will become more frequent. After Volkswagen and Ford join hands, PSA and FCA are expected to jointly develop electric vehicles.

According to foreign media reports, French car giant PSA Group is discussing a new cooperation model with FCA Group, and the two sides may jointly develop electric vehicles.

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Earlier, the news of the alliance between PSA Group and FCA Group was widely rumored in the industry, and finally FCA Group rejected this plan. According to foreign media sources, the two sides have reached a preliminary consensus that PSA Group and FCA Group will jointly develop an electric vehicle platform to reduce the cost of electric vehicle development.

FCA Group said that it hopes to seek cooperation, or to establish a partnership, or to establish a joint venture or even a deeper level of reasonable equity cooperation.

Tang Weishi, CEO of PSA Group, said that he would seize the growth opportunity and be open to possible cooperation with other manufacturers.

At the beginning of this year, Volkswagen Group and Ford officially announced the formation of a strategic alliance to cooperate on commercial and pick-up models, and to explore cooperation in self-driving and electric vehicles and mobile services. It not only helps to save resources and reduce costs, but also helps both sides to further expand their market advantages.

Through cooperation, it will become an effective way for traditional automobile manufacturers to balance product costs and profits.

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