Mitsubishi and Peugeot Citroen to cooperate on electric powertrains

Mitsubishi announced today that it has teamed up with Peugeot Citroen to share technical collaboration in the field of electric powertrains. The project will run for several months and focuses on the development of electric powertrains for use in small urban vehicles in the near future.

The cooperation on electric vehicle development and production further reinforces the bond between the two automakers who recently laid the first brick at their joint Russian factory in Kaluga.

Peugeot Citroen will benefit from the agreement in its Strategy and Ambition plan covering 2010-2015. Already the largest global manufacturer of electric cars (with more than 10,000 units sold), Peugeot Citroen will bring to the table its expertise in the field of electric powertrains.

Mitsubishi is in the process of becoming one of the leading manufacturers of electric cars with the iMiEV headed to the Japanese market in 2009. Mitsubishi is also considering the model for introduction in Europe and the U.S.

Mitsubishi has also set up a company called Lithium Energy Japan, a joint venture with GS Yuasa, which will supply large capacities of lithium-ion batteries for the iMiEV.