BMW and PSA Peugeot Citroën have established an equal joint venture to develop standard hybrid components for the electrification of their vehicles.
BMW Peugeot Citroën Electrification will also focus on developing and producing hybrid components, including battery packs, E-machines, generators, power electronics and chargers, while also developing software for hybrid systems.
Subject to approval by the relevant competition authorities, the joint venture is expected to launch its operations in the second quarter of 2011. The new hybrid components will equip both partners’ vehicles from 2014 onwards.
In February 2010, the two companies agreed to develop the next generation of their jointly designed 4-cylinder petrol engine, which is currently built into a number of MINI, Peugeot and Citroën brand models.