Mitsubishi Motors and PSA Peugeot Citroen:
Step Towards Electric Vehicles for Europe
The prototype i MiEV concept is a|
precursor to the electric vehicle the company
will introduce on the European market in 2010.
5th March, 2009
Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroen
(PSA) announced earlier this week that both companies have signed a Memorandum of Understanding regarding
collaboration on electric vehicles based on a vehicle currently under development by MMC in Japan.
In June 2008, both companies started a feasibility 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 MMC for the
development of an electric vehicle for Europe based on MMC's i MiEV*1, 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 cooperative agreement, targeting market launch at the
end of 2010 or the beginning of 2011.
For PSA Peugeot Citroen this agreement will enable the Group to maintain its leadership in
environmentally friendly cars. With an extensive knowledge of electric vehicles, PSA Peugeot Citroen is
the largest global manufacturer of electric vehicles to date, with more than 10,000 units sold. PSA Peugeot
Citroen will bring to this project its expertise in the field of electric powertrains.
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For MMC, this project is consistent with its worldwide electric vehicle strategy. Currently involved in testing
and promotional activities in Japan, Australia, New Zealand, the United States and across Europe, the i MiEV will be
launched in Japan during the (northern) summer of 2009. In parallel to the 2010 European launch of the i MiEV, MMC
is examining several markets including the U.S. for the roll-out of the electric vehicle.
*1 Mitsubishi innovative Electric Vehicle, based on the "i" minicar
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