30 Oct '11, 12am

BMW and Peugeot confirm electric car joint venture

Its official – more than a year after the partners signed a memorandum of understanding, BMW and PSA Peugeot Citroen have now launched BMW Peugeot Citroen Electrification for the production of hybrid components . The components will be used for the electrification of both companies’ models from 2015 as BMW Peugeot Citroen Electrification aims to become one of the leading players in the field of electric powertrains within the next few years. Together, BMW and PSA are investing more than €100million into the joint venture with around 400 employees to work at the new Research and Development Centre in Munich by the end of the year. The hybrid components will be manufactured at the facility in Mulhouse, France, which will have around 250 employees once the ramp-up is complete. It is expected that BMW Peugeot Citroen Electrification will cover all relevant components for elect...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2011/1...

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