Environmental pollution had been on the red alert for the past few years and automakers all around the world had started to venture into the electric car business.Read the story on Mitsubishi to build electric car for Peugeot from thestar
Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroen have announced that they have signed a MOU regarding collaboration on electric vehicles. It is the culmination of a feasibility study of the development, manufacture and use of an electric powertrain for small urban vehicles that began in June last year.
The companies have now reached an understanding that will allow PSA to partner with MMC for the development of an electric vehicle for Europe based on MMC’s i MiEV. The vehicle will be manufactured by MMC and sold under Peugeot brand, in parallel to Mitsubishi’s own European i MiEV.
The two companies are now in negotiations on a cooperative agreement, targeting a market launch at the end of 2010 or early 2011.