Electric Vehicles

New Cooperative Project For Electric Power Trains Between PSA Peugeot Citroën and Mitsubishi Motors Corporation

Paris / Tokyo, June 30, 2010 – Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën (PSA) announced today that they have started a feasibility study for the development and supply of powertrains for electric vehicles, including an analysis on the packaging of batteries and its business viability. The first application of this new agreement will focus on light commercial vehicles.

This new step results from continuing discussions between the companies to expand their existing current collaboration on electric vehicles. MMC and PSA Peugeot Citroën have already signed a Cooperative Agreement regarding the development and supply of electric vehicles for Europe. Based on this agreement, MMC plans to start production of a jointly-developed European models based on its i-MiEV* new-generation electric vehicle for PSA Peugeot Citroën this October. The sales of these European models, the Peugeot iOn and Citroën C-ZERO, will commence at the end of this year.

*Mitsubishi innovative Electric Vehicle, based on the “i” minicar

For further information, contact:
Lenore Fletcher
Head of Corporate Communications
Telephone: (08) 8275 2348
E-mail: lfletcher@mmal.com.au
www.mitsubishi-motors.com.au

Caitlin Beale
Manager of Corporate Communications
Telephone: (08) 8275 7250
E-mail: cbeale@mmal.com.au

–ABOUT MITSUBISHI–

Mitsubishi Motors Australia is part of the global Mitsubishi Motors organisation and is fully owned by Mitsubishi, one of the world’s largest companies.

The company’s history dates back to 1870, when Mitsubishi’s Japanese founder, Yataro Iwasaki, started a shipping company with three steamships. The company grew from strength to strength and, in 1914, registered the Mitsubishi three-diamond trademark. This symbol embodies more than 130 years of tradition, and has earned the confidence and trust of customers all over the world.

Mitsubishi takes great pride from knowing that more than 11 million people from around the world have chosen to drive a Mitsubishi vehicle. There are Mitsubishi dealers in more than 200 sites across Australia. These professional and knowledgeable dealers help owners ensure their Mitsubishi car is always looked after by fully-trained Mitsubishi technicians, using genuine Mitsubishi parts that meet stringent global standards.

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