|
CNBC'S MOST SHARED
- Power of Social Networking
- Holiday Video Game Lineup Gets Smaller and Smaller
- CNBC PRESENTS “MEETING OF THE MINDS: THE FUTURE OF HEALTH CARE” ON MONDAY, JULY 27 AT 9PM ET
- How Appraisers Are Threatening Real Estate's Recovery
- SEC Rule on 'Naked' Short-Selling Now Permanent
- Warren Buffett's Three Words Never Heard Before On a Kids' Cartoon
- Another Naz Move of Dot-Boom Proportions?
- Bank of America to Cut Number of Branches: Report
- Canon Quarter Profit Tumbles, Nudges Forecast Higher
- Ahold Sales Rise 11.5%, Missing Forecasts
- Delphi's Board Favors Bid From Bankruptcy Lenders
- Tuesday's Test: Can Bulls Hold Their Gains?
- Toyota Eyes 2011 Launch of Hybrid Compact: Report
- Australia Economic Risks Now More Balanced: RBA
- SEC Rule on 'Naked' Short-Selling Now Permanent
- Hearings to Consider Limits on Commodity Positions
- Nicklaus Paints Bleak Picture On Golf Course Design
- Gortat Won't Be Wearing New Reeboks Next Year
- How Appraisers Are Threatening Real Estate's Recovery
- Best Back-to-School Retail Picks: Analyst
- Boxers or Briefs-For Your Hands?
- Verizon: A 'Tough Business' to Be in Right Now
- Options Action: Mining Exchange Traded Fund
- Making the Case For and Against Healthcare Reform
- Dow 9,000 - Not So Meaningful
Text Size 
Japan's Mitsubishi Motors and French carmaker Peugeot Citroen will work together to develop and produce parts for plug-in hybrid vehicles, the Nikkei business daily said on Thursday.
The two, which are each developing their own plug-in hybrids, plan to cooperate on the development and production of engine components, and may also supply their hybrid vehicles to each other, the paper said, without citing sources.
Plug-in hybrids, which sip gasoline and are low in greenhouse gas emissions, have large batteries which can be recharged at home with an extension cord, unlike conventional gasoline-electric hybrid cars which have batteries that are powered only when the driver hits the brake.
Mitsubishi Motors will supply large-capacity lithium ion batteries to Peugeot through an affiliate, the paper said.
More From CNBC.com
- Can Diesel Dethrone Hybrids?
- Are Diesels Better Than Hybrids?
- Studs, Duds, And The Musical Chairs In Autoland
- More Asia Pacific News
A Mitsubishi Motors spokeswoman said the company did not have anything to announce.
As part of a June 2008 agreement to tie up in electric vehicles, Mitsubishi is to begin supply of its i-MiEV electric car to Peugeot as early as next year, and the firms are also planning to jointly manufacture cars in Russia.
Mitsubishi has been developing a plug-in hybrid car for commercial release by 2013.
Toyota Motor [TM
Loading...
()
], which leads the hybrid market, is working to achieve the world's first mass-produced plug-in hybrid cars in 2012, the paper said.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes