| 12:38 PM EST

PSA, Dongfeng to Develop EVs


#europe #Peugeot #Citroen

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PSA Peugeot Citroen and China's Dongfeng Motor Group, which holds a 14% stake in the French company, say they will co-develop an electric vehicle and introduce it in 2020.

PSA's current EVs are the Peugeot iOn and Citroen C-Zero minicars. Both are electrified variants of Mitsubishi Motors Corp.'s i-MiEV electric sedan. PSA says its program with MMC will continue with current-generation versions of all three cars.

But PSA and Dongfeng announced in April they would co-develop a small-car "common modular platform" to carry next-generation B- and C-segment cars produced by both companies. Observers speculate the new chassis also will be used by the PSA-Dongfeng EVs.

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