PSA Peugeot Citroen and BMW announced that their long-running partnership will be extended in the electric vehicles field with the creation of a dedicated joint-venture. The two groups have been working on this project for a long time, and the new company has been officially named BMW Peugeot Citroën Electrification.

The main goal of the newborn subject is to develop and build engine and transmission components that will be used on future hybrid and electric vehicles produced by its associates, meaning electric motors, generators, high-voltage batteries and so on. The first components made by this new joint-venture should be ready to enter production lines in 2015. Besides, the possibility that these parts will be made available for third parties as well hasn’t been ruled out.

BMW and PSA invested 100 million € in the project, money that will be used to build a dedicated research facility in Munich and a production site in Mulhouse, France. All in all, the project will lead to the creation of 650 new jobs.

Via | LeftLane

....

0 comments