FCA wants to excel in e-mobility with new partner

FCA wants to excel in e-mobility with new partner

November 13, 2020 0 By autotimesnews

FCA and Italian energy storage company Engie EPS have signed a memorandum of understanding. The parties plan to establish a joint venture and become leaders in the European e-mobility sector.

For its part, FCA is ready to offer solid financial resources and production facilities for the benefit of the common cause. The Italian firm will share its technological know-how and more than a hundred patents with a partner.

The companies are going to complete the deal to create such a mutually beneficial tandem by the end of 2020. The partners will direct all their resources and professional experience to create a joint venture. Approximately in the first quarter of next year.

Prior to the signing of the Memorandum of Understanding, the two companies worked together very successfully for three years. During this time, they managed to implement a number of innovative projects.

One of them is FCA easyWallbox technology, which makes charging easier. Or the V2G concept, which implies two-way use of electric vehicles and hybrids.

Earlier AutoTimesNews said that FCA recalls over a million vehicles. This is one of the largest service campaigns in the history of the concern. Repairs were required for Chrysler cars produced after 2013.