The French and Japanese may again join forces — in the automotive industry.
Mitsubishi Motors of Japan and PSA Peugeot Citroen of France may enter the electric vehicle market in a collaborative technology effort to become viable in the “green” automotive segment
The several-month project, announced in Tokyo, will involve joint development of components to transform electricity into driving force for small urban electric cars.
Mitsubishi and PSA Peugeot Citroen already have various joint programs, including the recent announcement of the joint construction of a new factory in Russia.
The French group is the largest global manufacturer of electric vehicles with more than 10,000 units sold. Mitsubishi hopes to debut its i-MiEV battery-powered vehicle in 2009.