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Mitsubishi to co-operate with PSA Peugeot Citroen on electric vehicles

ABR Staff Writer Published 04 March 2009

For PSA Peugeot Citroen this agreement will help maintaining its initiative in environmentally friendly cars

Mitsubishi Motors and PSA Peugeot Citroen have signed a memorandum of understanding regarding collaboration on electric vehicles based on a vehicle currently under development by Mitsubishi in Japan.

In June 2008, both companies started a study of the development, manufacture and use of an electric powertrain for small urban vehicles.

The companies have now reached an understanding that will allow PSA to partner with Mitsubishi Motors (MMC) for the development of an electric vehicle for Europe based on MMC's i MiEV, to be manufactured by MMC and sold under Peugeot brand, in parallel to Mitsubishi's own European i MiEV.

This new step would be mutually beneficial since the collaboration of MMC and PSA Peugeot Citroen will ease and accelerate the introduction of their electric vehicles in the European market. The two companies are now in negotiations on a co-operative agreement, targeting market launch at the end of 2010 or the beginning of 2011.

For PSA Peugeot Citroen this agreement will help enable the group to maintain its leadership in environmentally friendly cars.

For MMC, this project is consistent with its worldwide electric vehicle strategy. Currently involved in testing and promotional activities in Japan, New Zealand, the US and across Europe, the i MiEV will be launched in Japan during the summer of 2009. Parallel to the 2010 European launch of the i MiEV, MMC is examining several markets including the US for the rollout of the electric vehicle.