TM4, PSA Peugeot Citroën, Exagon Motors and the Gouvernement du Québec partner on new electric drivetrain
21 January 2016
TM4, PSA Peugeot Citroën, Exagon Motors, Hydro-Québec and the Gouvernement du Québec are collaborating to develop a new electric drivetrain for light-duty vehicles. TM4 will act as the developer of the electric powertrain in the pre-development phase of the project.
The government’s contribution will be made up of a CAD 10-million equity interest and a CAD 6-million loan. HydroQuébec will also be contributing CAD 4 million to the project, in addition to the services offered by its subsidiary TM4 to help with the development of an electric motor.
The resulting joint venture will first conduct a feasibility study for an estimated CAD 30.8 million.
During this process, TM4 will develop a new, highly efficient and high performance drivetrain. This system will be a state-of-the-art evolution of the TM4 MOTIVE series, consisting of permanent magnet electric motors and power electronics. Specifically designed for passenger cars and light-duty vehicles, these systems are effective turnkey solutions created expressively for electric vehicles. This new powertrain will be designed and manufactured at TM4’s headquarters in Boucherville, Québec.
TM4 has collaborated twice with PSA Peugeot Citroën in the past years. In 2004, TM4 developed and produced a four-wheel drivetrain system for a technology demonstrator vehicle Peugeot Quark. In 2006, TM4 also developed wheel motors for the concept car Citroen C-Metisse.
PSA Peugeot Citroën would lend its expertise in integrating the resulting electric vehicle components, for which it would become the main customer for worldwide distribution.