Mitsubishi Motors Seals Deal With PSA Peugeot Citroën Regarding iMiEV

The Spunky Mitsubishi iMiEV

Mitsubishi Motors Corporation (MMC) has signed 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 originally 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.'

Source: Green Car Congress