BMW et PSA launch BPCE in Paris
The development and production spectrum of this new company comprises all relevant components for electric powertrains, such as high-voltage batteries, electric motors, generators, power electronics, loading units and energy management software.
This joint venture will enable both partners to create an open platform on these technologies and support the European industry to structure itself in the field of hybridization. To that end, the joint venture will be a full-fledged company and will both integrate suppliers by outsourcing development work as well as sell hybrid components to third parties.
The new company will be operating out of two locations - the greater Munich area, Germany and Mulhouse, France. 400 employees are already working at BPCE, including 50 french people. The new hybrid components will equip both partners' vehicles from 2015 onwards. The BMW Group and PSA Peugeot Citroën have invested more than 100 million EUR in their joint venture on hybrid technology.