A deal to implement a project that will improve hybrid parts for the electrification of the vehicles belonging to the BMW Group and PSA Peugeot Citroën was signed Wednesday.
The BMW-Peugeot Citroen Electrification venture aims to produce, develop, research and purchase components for their vehicles together.
Vehicles of the two car makers from 2014 onwards will include hybrid components including generators, chargers, power electronics, and batter packs. The venture is expected to start in the second quarter of 2011 as subject to approval.
The two car makers have been working together on engines since 2006.