Fiat Chrysler Automobiles and Engie plan to launch e-mobility company

Fiat Chrysler Automobiles and Engie have joined forces to launch a new company aimed at providing easy and convenient access to electric mobility.

The companies have signed a memorandum of understanding aimed at creating a joint venture to become a leader in the European e-mobility landscape.

The newly-created company would offer a full suite of products and solutions for electric vehicles to customers, such as residential, business and public charging infrastructures as well as green energy packages, enabling customers to charge at home and at any public charging point across Europe with a simple subscription at a fixed monthly rate.

Mike Manley, chief executive officer of Fiat Chrysler Automobiles, said: “The signing of this memorandum of understanding originates from a fruitful three-year cooperation between the two companies, which allowed the implementation of truly disruptive projects, such as the introduction of the exclusive FCA easyWallbox, an easy-to-use plug-and-play charging unit, the recently-launched V2G pilot project and the innovative customer-oriented energy packages.

“The envisioned joint venture would allow an even higher commitment from both parties to expand the scope of the existing cooperation and further develop innovative products and services to enable and support a smooth shift to electric mobility in Europe.”

Carlalberto Guglielminotti, chief executive officer and general manager Engie EPS, added: “Electrification represents an inevitable trend poised to disrupt urban mobility and – most of all – an unstoppable paradigm change of worldwide energy systems.

“The signing of this memorandum of understanding is a testament of the joint commitment aimed to accelerate this change by leading such a disruption towards a more sustainable future.”

The joint venture would rely on FCA’s financial resources and industrial footprint and on Engie’s technological know-ho and intellectual property portfolio.

The two companies expect the signing of the full set of agreements by the end of the year, and the incorporation of the joint venture in the first quarter of 2021.