Moving forward on their earlier Memorandum of Understanding (earlier post), Osamu Masuko, CEO of Mitsubishi Motors Corporation (MMC), and Philippe Varin, CEO of PSA Peugeot Citroën, in Paris signed a cooperative agreement that signifies a new step in their partnership on electric vehicles (EV).
The main points of this cooperative agreement are:
- The development of an EV for the European market based on MMC’s Japanese i-MiEV model
- The vehicle is to be sold in Europe, with both Peugeot and Citroën versions
- Production is planned to commence in October 2010 for commercial launch in the European market by the end of 2010.
MMC first launched the new-generation EV i-MiEV in Japan in June, and will begin global sales of the right-hand drive vehicle this year. MMC has plans to expand rollout of the i-MiEV in left-hand drive markets in fiscal year 2010.
For PSA Peugeot Citroën this new EV will further expand its range of future low-emission vehicles, including the hybrid diesel technology to be launched in 2011 on the Peugeot 3008 HYbrid4 and Citroën DS5 HYbrid4, and a Plug-In HYbrid4 diesel in 2012.