BMW Group and PSA have just created their joint venture which will focus on electric and hybrid technologies, a €100 million project.
R & D will be managed in Munich (400 employees) and production in Mulhouse 250 employees with a production start estimated for 2015.
One year after the Memorandum of Understanding "BMW Peugeot Citroën Electrification" is created, it should allow both groups to develop technologies at lower costs and thus to offer more affordable electrified vehicles thanks to an open platform.
The ultimate goal is to become subcontractors and to offer to other brands the technologies developed.
“We want our company to be one of the leading suppliers in the field of electric powertrains over the next years.” Wolfgang Güllich, Chairman of BPC Electrification’s Managing Board
In details, BPC will provide electric powertrains, such as highvoltage batteries, electric motors, generators, power electronics, loading units and energy management software.
"We will set new standards for tomorrow's clean mobility with our agility, efficiency, and world class know-how in electrification systems " Jean Leflour, Managing Director of BMW Peugeot Citroen Electrification.
For the record, the two groups have already been working together for almost 10 years, on four cylinders, no less than 1.8 million engines that equip the Mini, Peugeot and Citroën ...