According to the Japanese Nikkei business daily, the two groups are looking to forge a joint venture to produce EVs.
And by "joint venture," they may mean "badge-engineered Mitsubishis."; It's more likely that Mitsubishi - already making steps towards producing EVs and components - may supply Peugeot and Citroen than vice versa.
Even the Nikkei says Mitsubishi will supply PSA with technologies involving lithium-ion batteries, charging devices, controllers and motors - a vast majority of what's needed to construct an electric vehicle.
Mitsubishi acknowledges it's looking for partners in "various fields," but said that no decisions have been made.
Source: Automotive News