GE and PSA sign EV Agreement

Electric Car News | admin | September 18, 2011 at 1:46 am

General Electric and French car maker PSA Peugeot-Citroen have signed a technology and commercial cooperation agreement to co-develop electric vehicles.

Through this non-exclusive and renewable agreement, signed on 14 September at the Frankfurt Motor Show, GE and PSA Peugeot-Citroen seek to develop a new EV mobility offer in Europe that will enable B2B customers to fully integrate electric vehicles in their fleets and operate them with state of the art solutions.

Both companies intend to cooperate on the creation of an EV Customer Experience Centre in France. GE Energy’s Industrial Solutions will supply and deploy the infrastructure products needed to make fleet EV adoption projects possible, in particular charging stations and installer network.

Both companies are to collaborate in a joint commercial offer for PSA Peugeot-Citroen customers that would include an EV and the related charging infrastructure.

The deal follows GE’s announcement in November 2010 that it would buy 25,000 EVs globally by the year 2015.

GE has shown interest in buying up to 1,000 electric vehicles by the end of 2015 from PSA Peugeot Citroen, for all its European operations.

In July this year, GE Capital signed up to supply Mitsubishi Motors-produced Citroen C-Zero EVs to 3M.