PSA Peugeot Citroen’s first mainstream EV arrives in 2020

New details have emerged on PSA Peugeot Citroen’s first mainstream EV. The Chairman of the French automotive group’s Managing Board has confirmed that the new Common Modular Platform (CMP) will underpin the group’s first mainstream fully electric vehicle by 2020, says a new report from Autocar. The new platform will be co-developed with Chinese JV partner Dongfeng. The CMP platform has a capital expenditure of €200 million, of which €120 million will be borne by PSA Peugeot Citroen and the remaining €80 million be borne by Dongfeng.

The Common Modular Platform (CMP) will form basis for all (independently developed) new generation B-segment and C-segment vehicles from Peugeot, Citroen and DS brands. According to the report, the group will also launch plug-in hybrid technology by 2019. The plug-in hybrid technology will be offered first on larger, top-end cars built upon the EMP2 platform. The new premium brand DS will be the first one to introduce a PHEV.

[Source: Autocar]