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PSA Invests In Two New EV Battery Cell Plants

PSA Invests In Two New EV Battery Cell Plants

It would appear that next-generation cars manufactured for the Citroën brand will benefit from a major investment Groupe PSA announced on February 3, 2020 (through its German Opel brand) with French battery manufacturer Saft (part of Total since 2016) for two lithium-ion EV battery cell plants to ...
Michelin and Faurecia to Invest 140 Million Euros in Symbio Hydrogen Mobility Joint Venture

Michelin and Faurecia to Invest 140 Million Euros in Symbio Hydrogen Mobility Joint Venture

When Michelin took over the bankrupt Citroën company in 1935, they believed the effort the company had put into engineering the Traction Avant poised it for a profitable future.They were correct, by 1937 Citroën had ramped up production and was making money.These days, Michelin is intrigued by th ...
PSA strikes deal with SAIPA to build Citroëns in Iran

PSA strikes deal with SAIPA to build Citroëns in Iran

During the course of the summer PSA Group signed a framework deal with Iranian counterpart SAIPA to produce and sell vehicles for its Citroën brand in the country. Under the agreement, to be finalized by the end of 2016, Citroën and its Iranian partner will invest 300 million euros over five years ...

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