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News of May 08, 2002

PSA Peugeot Citroën and Electricité de France to Work Jointly on the Development of Electric and Hybrid vehicles

Paris - Jean-Martin Folz, Chairman of PSA Peugeot Citroën, and François Roussely, Chairman of Electricité de France (EDF), have signed a cooperation agreement to work jointly on the development of electric and hybrid vehicles and expand research in related technologies. Through the agreement, the two companies hope to give new impetus to e-vehicle projects and support the development of the market for so-called hybrid vehicles that combining a combustion engine and an electric powertrain.

PSA Peugeot Citroën and EDF are both committed to promoting the use of environmentally friendly vehicles, notably for business and government fleets. In early 2002, EDF made 20 commitments to improving public electricity service in France, one of which involves working with local communities to rapidly develop a network of recharging stations in cities.

The growing use of electric vehicles represents a major step in reducing urban pollution. They are the only vehicles available that meet zero emissions vehicles (ZEV) standards in terms of pollutants, CO2 emissions and noise.

The agreement focuses on four areas of development:

• Supporting the wider use of electric vehicles.
• Improving after-sale service.
• Coordinating electric and hybrid vehicle research projects.
• Strengthening e-vehicle communication programs
• A number of areas for action have been identified:
• Setting an example in France and cooperating in international markets

To promote the use of e-vehicles in France, EDF will double the size of its fleet by 2005. To support the expected increase in the number of electric vehicles, PSA Peugeot Citroën and EDF are committed to offering faster, more effective local service to business customers and to cooperating in emerging high-potential markets for electric powered vehicles.

Expanding research on electric powertrains

PSA Peugeot Citroën and EDF will develop exchange programs between their research teams working on EV technology. In particular, these exchanges may lead to a new cooperation program to develop new battery technologies.

Strengthening communication for business users

The partners will pool their e-vehicle communication resources, especially those targeting business users.

(May 2, 2002)

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