Mitsubishi and PSA Peugeot Citroen have signed a cooperative agreement to produce and sell electric vehicles in Europe. The first model will be based on Mitsubishi's all-electric i-MiEV, a lithium ion plug-in electric city car that's built by Mitsubishi in Japan. Extending the potential market reach of the innovative electric city car will be Peugeot and Citroen branded models, these being available in showrooms in Europe by the end of 2010.
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