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PSA looking to build electric vehicles, hybrids with China's Changan

The Changan Automobile Group Co. is no stranger to working on hybrids, but it is going to look for help from PSA Peugeot-Citroën to develop more hybrids and all-electric vehicles. Changan is also working on EVs with LG Chem, so the signs are pointing to a strong commitment to plug-in powertrains in China.

According to Bloomberg, the French and Chinese companies would jointly make the electrified cars in China, but which models would be the battery bump is not yet public (if it's even been decided). The two companies already have plans to make vehicles like the Citroën DS3 (pictured) in China in 2013 through a 50-50, €395 million ($532 million U.S. at today's exchange rate) joint venture.

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