The companies will work together under the newly established company BMW Peugeot Citroen Electrification in the production of software, batteries, electronics, power systems and other electrical equipment.
joint venture 50/50 with both entities in the area 2,014 years to propose a hybrid system, which all shareholders will be able to introduce their brands in cars. Cooperation is to reduce the cost of research and innovate faster by combining the knowledge of both corporate as well as the joint purchase of technology.
Company will be able to sell their technology to other corporations and establish a European center for hybrid technology. PSA and BMW have already cooperated in the production of gasoline engines used in cars including the Mini.
also work on a new generation 4-cylinder petrol engines complying with Euro 6 norm
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