EPS a part of French utility Engie that focuses on energy storage systems and microgrids and Fiyat Chrysler plan to set up a joint venture to boost electric mobility, the two companies said on Thursday. In a statement they said, they have entered into a memorandum of understanding aimed at creating the joint venture. They added that , the new venture will provide a wide range of products and solutions, including residential, business and public charging infrastructure as well as green energy packages for electric vehicle customers across Europe.
Fiat Chrysler (FCA) launched the electric 500 small car and several Fiat, Jeep and Maserati hybrid models this year in an effort to catch up with rivals in the race for green mobility. In its five-year plan running to the end of 2022, FCA pledged to invest 9 billion euros ($11 billion) in electrification out of a total of 45 billion euros, and launch about 30 electrified models, either fully electric or hybrid.
Last year, the Italian-American carmaker signed an agreement with Engie and Italian utility Enel to help offer customers charging points for its electric vehicles. FCA Chief Executive Mike Manley said, “The envisioned joint venture would permit an even higher dedication from both parties to expand the extent of the existing cooperation and further develop innovative products and services to enable and support a smooth shift to electric mobility in Europe.” The joint venture is due to be set up in the first quarter of 2021.