Earlier this year, Mitsubishi and PSA Peugeot Citroen announced that they had signed a Memorandum of Understanding regarding collaboration on electric vehicles (EVs) based on the Japanese firm's i-MiEV EV. Today, Osamu Masuko, CEO of Mitsubishi Motors and Philippe Varin, CEO of PSA, finished the deal by signing a cooperative agreement in Paris. The vehicle is to be sold in Europe in both Peugeot and Citroen versions with production planned to commence in October 2010 and sales by the end of 2010.Mitsubishi launched the new-generation EV i-MiEV in Japan in June, and will begin global sales of the right-hand drive vehicle this year with LHD versions following in 2010.
In Japan, the EV i-MiEV is priced from 4,599,000 Yen (almost $50,00 US / €35,00 at today's rates), or more than double the price of a JDM Toyota Prius that costs 2,050,000 Yen or $22,000.
The all-electric version of the i-MIEV is powered by an electric motor that drives the rear wheels and develops an output of 47kW or 64HP and 180Nm or 132.8-lbs/ft of maximum torque.
According to Japanese automaker, the vehicle's lithium-ion battery pack that can be charged in 7-14 hours delivers up to 100 miles or 160 km of pure electric driving.
It is expected that the PSA group will follow a similar path to that of the Toyota co-developed Aygo, 107 and C1 project with the i-MiEV, meaning that the differences between the Citroen, Peugeot and Mitsubishi models will most likely be limited to the front fascia and the rear end design.
*The Peugeot picture above is a Carscoop Photoshop
