Tokyo, Japan – Mitsubishi Motors and PSA Peugeot Citroën have announced they will collaborate on electric vehicles (EV), based on a vehicle currently under development by Mitsubishi in Japan.

In June 2008, both companies began 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 Mitsubishi for the development of an electric vehicle for Europe, based on Mitsubishi’s i MiEV. The car will be manufactured by Mitsubishi and sold under the Peugeot brand, in parallel to Mitsubishi’s own European i MiEV.

The companies said this will be mutually beneficial, since the collaboration will ease and accelerate the introduction of these electric vehicles in the European market. The companies are now in negotiation on a cooperative agreement, with a target market launch at the end of 2010, or the very beginning of 2011.

PSA Peugeot Citroën is the largest global manufacturer of EVs to date, with more than 10,000 units sold. Mitsubishi will launch the i MiEV in Japan during the summer of 2009, and is currently involved in testing and promotional activities in Japan, New Zealand, the U.S. and across Europe. In parallel to the 2010 European launch of the MiEV, the company is examining several markets for the vehicle, including the United States.



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