Munich, Germany – BMW and Peugeot Citroën have moved forward on a joint venture for electrified vehicles. One year after the two partners signed a memorandum of understanding, the BMW Peugeot Citroën Electrification launch will create the necessary conditions for swift implementation of common goals, with production of hybrid components for the electrification of both companies’ models slated to begin in 2015.

“The BMW Group and PSA Peugeot Citroën are following a joint path with clear and ambitious goals,” said Wolfgang Güllich, chairman of the managing board of the joint venture. “We want our company to be one of the leading suppliers in the field of electric powertrains over the next years.”

The companies are investing more than €100 million in the venture and around 400 employees will work at the new Research and Development Centre in Munich by the end of 2011, most of them engineers specializing in electro-mobility and electronics. The components designed there will be manufactured at a facility in Mulhouse in France, which will have around 250 employees once ramp-up is complete.

The venture will cover the development and production of all relevant components for electric powertrains, including high-voltage batteries, electric motors, generators, power electronics, loading units and energy management software. An open technology platform will allow the joint venture to integrate suppliers into the development and purchasing process, and sell the hybrid components it produces to third parties.

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