Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën have signed a cooperative agreement that signifies a new step in their partnership on electric vehicles.

The main points of the agreement are the development of an electric vehicle for the European market based on MMC's Japanese i-MiEV model, which will be sold in Europe, with both Peugeot and Citroën versions.

Production is planned to commence in October 2010 for commercial launch in the European market by the end of 2010.

MMC first launched the new-generation EV i-MiEV in Japan in June, and will begin global sales of the right-hand drive vehicle this year. MMC has plans to expand rollout of the i-MiEV in left-hand drive markets in 2010.