PSA Electric Vehicles
The PSA Group, including Peugeot, Citroën, and DS, will launch seven plug-in hybrids and four electric vehicles by 2020 as part of its growth plan, as well as implement a connected and autonomous vehicle programme. |
PSA Electric Car Strategy in the news
2018 Week 16 PSA and Dongfeng revive Fukang as EV brand
Dongfeng Peugeot Citroen Automobile Company LTD (DPCA), the Chinese JV holding company for PSA Group and Dongfeng, announced this week that they will revive the defunct brand Citroen
Fukang as a standalone brand to specialize in new energy vehicles.
Fukang will unveil its first EV sedan at the Chengdu Motor Show 2018.
The EV sedan is set to hot the market at the end of 2018 and will be
followed by an SUV in 2019.
2018 Week 14 PSA creates dedicated global EV unit
The French auto manufacturer, PSA
Group, moved its EV plans into second gear this week as it created a
dedicated business unit dedicated to its EV strategy. The new unit will
be managed by Alexandre Guignard who will be responsible for the global
roll-out of the PSAs plans to electrify its entire range by 2025 from
2019. The Low Emission Vehicles Business Unit as it is called will also be responsible for PSA meeting its European CO2 emissions levels from 2020.
2018 Week 5 PSA JV bailed out in China
Even foreign brands are not spared, state-owned Changan this week had to approve a 1.8 billion yuan ($285 million) bailout for PSA’s local Citroen DS
venture after suffering a 68% drop in sales in 2017 which contributes
to the company technically becoming insolvent. The funds will be used to
realign the lossmaking 50/50 JV and to develop EV models. Most
automakers are now focussing on EV development as a way to yet again use
state incentives to prop up their finances. Changan also announced a
50/50 JV with Mazda
to develop EVs where the local operator will supply the technology and
the Japanese automaker the body. The first EV from the JV will be
a compact crossover in 2019.
2018 Week 3 PSA clarifies electric car plans
French PSA Group which include Peugeot, Citroen, DS, Opel,
and Vauxhall also explained its electrification plans at the Detroit
Auto Show during the Automotive News World Congress. According to PSA
CEO, Carlos Tavares, the company aims to electrify its full line of cars
and light-truck by 2025 and nearly all its models will have
self-driving capabilities by 2030. The result is that PSA will launch 40
electrified models across its brands by 2025.
2017 Week 23 Pro EV CEO at Opel replaced by PSA Peugeot Citroen board
Pro EV Opel CEO, Dr. Karl Neumann, is replaced by PSA Group Finance
Chief Michael Lobscheller clouding Opel’s EV plans in uncertainty.
2017 Week 11 PSA Group Acquires Opel and Vauxhall from GM
On the eve of the Geneva Auto Show, the PSA Group and GM announced the sale of Opel and Vauxhall brands to PSA Peugeot Citroën.
The transaction is valued at £1.9 billion, making PSA the second
biggest automaker in Europe. GM CEO, Mary Barra, indicated the
two companies could still co-operate on electric vehicle and fuel cell
technology.
It is uncertain how the acquisition would influence Opel CEO, Dr. Karl Neumann’s plans to change Opel to an all-electric brand.
Top 5 EV News Week 32 2020
Top 5 EV News Week 32 2020 | Cadillac Lyriq unveiled. Yet another Chinese EV startup IPO. Three new EV models launched this week.
Top 5 EV News Week 31 2020
Top 5 EV News Week 31 2020 | Successful IPO for CHJ Auto, Kandi finally enters the USA, Mitsubishi pays the cost for failing EV strategy.
Top 5 EV News Week 30 2020
Top 5 EV News Week 30 2020 | Chengdu Auto Show, Hozon Neta IPO, VW invest in China, eVito Tourer for sale