Cost Down Program Clause Samples

Cost Down Program. 15.5.1 MM shall carry out a cost down program with an aim to reduce the cost of the MM G9 Platform (excluding the features provided under Schedule 9 (Aligned Features)), and will share with VW MM’s cost down plan as well as feasibility analysis when available subject to compliance with anti-trust law requirements. 15.5.2 MM and VW will establish a joint cost down program with an aim to reduce 25% of the up-to-date current cost of the Platform until the end of 2024. Notwithstanding of the above, both Parties will continue to collaborate to achieve cost efficiency of the MM G9 Platform as well as the Platform and Software under the Platform and Software Collaboration. 15.5.3 Both Parties will make proposals of cost down measures, taking into account the outcome of MM’s cost down program on the MM G9 Platform, overall project timing, costs, functional requirements and performance targets when executing the cost down program. MM will provide relevant information and adjust the Platform according to VW’s specifications to be agreed upon by the Parties to enable component resourcing as agreed by the Parties. This specifically includes the resourcing of a cost optimized NCM and LFP Cell, taking into consideration the costs and time required associated with such resourcing.