Tokyo, Japan – Mitsubishi Motors and Peugeot Citroën have partnered on electric vehicles, signing a cooperative agreement that signifies a new step in their partnership.

The agreement was signed in Paris by Osamu Masuko, CEO of Mitsubishi Motors, and Philippe Varin, CEO of PSA Peugeot Citroën.

The partnership covers the development of an electric vehicle (EV) for the European market, based on Mitsubishi’s Japanese i-MiEV subcompact EV. The vehicle will be sold in Europe, with both Peugeot and Citroën versions, with production planned for October 2010 and market launch by the end of 2010.

Mitsubishi launched the new-generation i-MiEV in Japan in June, and will begin global sales of the right-hand drive vehicle this year. The company plans to expand rollout of the vehicle in left-hand drive markets in fiscal year 2010.

PSA Peugeot Citroën will launch its hybrid diesel technology in 2011 on the Peugeot 3008 HYbrid4 and Citroën DS5 HYbrid4, and a plug-in HYbrid4 diesel in 2012.

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