The electric bus e.GO Lux is presented at the Geneva Motor Show on the first press day. (picture alliance/Uli Deck/dpa)
The German electric car manufacturer e.GO plans to cooperate with the Volkswagen corporation and use its toolkit for future electric models, the chief executives of both companies announced on Monday at the Geneva International Motor Show.
"The MEB platform will make us faster, more robust and cost-efficient," said Guenther Schuh, CEO and founder of the Aachen-based e.GO.
MEB stands for VW's Modular Electric Toolkit. The German automotive giant hopes that it will help reduce the cost of e-mobility overall. "The MEB is to establish itself as the standard for e-mobility," VW CEO Herbert Diess said.
In the future, VW wants to develop a new vehicle with e.GO, using the electric toolkit. Diess said the MEB will also allow the easy and cost-efficient production of small-series vehicles, which are only manufactured in limited numbers.
Volkswagen is investing around 30 billion euros (34 billion dollars) from 2019 to 2023 into e-mobility alone, including for new models, motors and stronger batteries.
Starting in 2020 and 2021, stricter environmental regulations will come into effect in the European Union. Car manufacturers are at risk of high fines if they do not manage to lower the CO2 emissions produced by the vehicles they sell. That is partly why carmakers are investing in their electric models.
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