Mitsubishi Motors Corporation Announces Final Cooperation with PSA Peugeot Citroën

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As reported by Mitsubishi Motors

TOKYO , - Mitsubishi Motors Corporation (MMC) announced the signing of a Final Cooperative Agreement regarding development and supply of the new-generation electric vehicle (EV) i-MiEV * with PSA Peugeot Citroën (PSA).

MMC and PSA signed a Framework Agreement in September 2009. Following the Framework Agreement, both parties reached a final consensus on development and supply of EVs based on the i-MiEV for the European market.

The main points of this Final Cooperative Agreement are:

- PSA will sell the EVs under the Peugeot and Citroën brands.

- Production is to commence in October 2010 and product launch in the European market will be by the end of 2010.

- A total of 100,000 units are expected to be supplied in the frame of this Agreement.

Photo: Mitsubishi


photo: Mitsubishi Motors