The companies will begin the project with the first application on light commercial vehicles. This new agreement marks the culmination of continuing discussions between the two companies to expand their existing current collaboration on EVs.

MMC and PSA Peugeot Citroen have also signed a cooperative agreement regarding the development and supply of EVs for European market.

As per the terms of the cooperation agreement, MMC will engage in producing jointly-developed European models for PSA Peugeot Citroen that will be based on its i-MiEV EV, this October. The companies plan to begin the sales of these European models, the Peugeot iOn and Citroen C-Zero, at the end of this year.