Mitsubishi and PSA finalize deal for 100,000 electric vehicles
Mitsubishi and PSA Peugeot Citroen have finalized a supply deal that will see the Japanese automaker provide 100,000 electric vehicles to the French company over the life of the agreement. How long said agreement lasts hasn't been publicly announced, but Mitsubishi is due to start building the French-badged cars this October.
The re-badged iMiEV electric cars will be sold under the Peugeot iOn and Citroen C-Zero brands in Europe. Aside from the left-hand drive and slightly different fascias, the cars will be essentially unchanged from the iMiEV that is already on sale in Japan. Mitsubishi quotes a range of 100 miles but real world results are likely to be in the 60-80 mile range. Peugeot and Citroen have not yet announced pricing for the European market.
Tokyo, March 08, 2010
Mitsubishi Motors Corporation Announces Final Cooperative Agreement in Development and Supply of Electric Vehicles with PSA Peugeot Citroën
TOKYO, March 8, 2010 - 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.
*Mitsubishi innovative Electric Vehicle, based on the "i" minicar