26 Oct '11, 8pm

BMW Group and PSA Peugeot Citroën officially launch vehicle electrification joint venture

BMW Group and PSA Peugeot Citroën officially launch vehicle electrification joint venture 26 October 2011 One year after the two partners signed a memorandum of understanding, the joint venture formed by the BMW Group and PSA Peugeot Citroën to develop and manufacture hybrid and drive technology—BMW Peugeot Citroën Electrification (earlier post )—is now up and running . Production of hybrid components for the electrification of both companies' models is scheduled to begin in 2015. BMW Peugeot Citroën Electrification aims to become one of the leading players in the field of electric powertrains within a few years, as well as a pacesetter on the road to the mobility of the future. Through the creation of an open technology platform, the joint venture intends to provide crucial support for the European industry as it structures itself in this domain. The BMW Group and PSA are...

Full article: http://www.greencarcongress.com/2011/10/bmwpsa-20111026.html

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