BMW and PSA Peugeot Citroën Form Joint Venture to Produce Hybrid Components

Already partners in developing 4-cylinder petrol engines, BMW and PSA Peugeot Citroën have decided to set up 50-50 equity joint venture named the BMW Peugeot Citroën Electrification, which will primarily focus on developing hybrid components. Sharing the cost of research and development as well as production and component purchasing, the two companies expect to achieve significant economies of scale.

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