Paris / Tokyo, June 30, 2010 - Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën (PSA) announced today that they have started a feasibility study for the development and supply of powertrains for electric vehicles, including an analysis on the packaging of batteries and its business viability. The first application of this new agreement will focus on light commercial vehicles.
This new step results from continuing discussions between the companies to expand their existing current collaboration on electric vehicles. MMC and PSA Peugeot Citroën have already signed a Cooperative Agreement regarding the development and supply of electric vehicles for Europe. Based on this agreement, MMC plans to start production of a jointly-developed European models based on its i-MiEV* new-generation electric vehicle for PSA Peugeot Citroën this October. The sales of these European models, the Peugeot iOn and Citroën C-ZERO, will commence at the end of this year.
*Mitsubishi innovative Electric Vehicle, based on the "i" minicar