Mitsubishi Motors Corp. and PSA/Peugeot-Citroen SA announced Friday that they have signed a contract for a previously announced tie-up on electric vehicles. Under the contract, Mitsubishi will supply PSA with electric cars based on the Japanese carmaker's i-MiEV, which went on sale in Japan in June.
A PSA spokesman said the automaker aims to sell 25,000 units of the electric minicar annually. Production is due to start in October 2010 with the first vehicles going on sale soon after. Both Peugeot and Citroen will sell versions of the car.
Mitsubishi is making an aggressive push into electric vehicles. The carmaker will begin global sales of the right-hand-drive i-MiEV this year and has plans to expand the rollout of the i-MiEV in left-hand-drive markets in 2010.
PSA said its version of the electric car will enhance its growing range of low-emission vehicles. PSA will launch its diesel-electric hybrid technology in 2011 on the Peugeot 3008 HYbrid4 and Citroen DS5 HYbrid4. A plug-in diesel hybrid is due in 2012.
PSA and Mitsubishi agreed in March to cooperate in developing and marketing electric cars.