MILAN -- Fiat Chrysler Automobiles and Engie EPS, a division of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility, the companies said on Thursday.
FCA and Engie EPS parent Engie signed an agreement in January to partner on new e-mobility solutions in 14 European countries to offer charging solutions for FCA vehicles.
FCA's Italian division and Engie EPS, which is also based in Italy, entered into a memorandum of understanding on Thursday aimed at setting up the joint venture in the first quarter of 2021, the two companies said.
The new venture will offer a full range of products and solutions, including residential, business and public charging infrastructure as well as green energy packages for electric vehicle customers across Europe, they said.