Endesa and Peugeot sign agreement for the development of electric vehicles

The aim of this agreement is to develop electric mobility in key commercial and energy areas to unlock value in the leadership of both groups in their respective spheres of influence.

Both companies are keen to develop the electric vehicles and electric mobility as a means to promote the fight against climate change and contribute to the company successfully meeting its sustainability and economic growth objectives while at the same time creating value for shareholders.

ENDESA and Peugeot have signed a collaboration agreement to develop electric mobility. The two-year agreement was signed in Madrid by Javier Uriarte, General Manager of Endesa Energía and Rafael Prieto Martín, CEO of Peugeot España.

Through this collaboration ENDESA and Peugeot expect to work together on the start up of activities relating to electric mobility which will unlock the value of the leading positions they hold in their respective sectors. According to the terms of the agreement, the two companies will follow four lines of action to promote this type of transport:

-Identifying the charging infrastructure that ENDESA could install at Peugeot’s facilities and at the facilities of clients selected by the manufacturer.

-Specifying the electric vehicles to be supplied by Peugeot to ENDESA’s fleet and to the company’s large clients.

-Joint participation in demonstration projects, where, in general, Peugeot will supply the electric vehicles and ENDESA will install charging points and/or “energy islands”, mainly through the “Mu by Peugeot” programme.

-Other collaboration actions associated with the marketing of electric vehicles.

Development of the electric vehicle at ENDESA

The development of a sustainable transport policy is a cornerstone of ENDESA’s 2008-2012 Strategic Sustainability Plan.

In Spain, the company is involved in rolling out electric mobility projects (MOVELE project) in Madrid and Barcelona, and in the main technological initiatives (Cenit VERDE, DER22@ and REVE-Regulación Eólica con Vehículos Eléctricos projects). It also recently entered into agreements with leading companies, such as Peugeot, to promote electric cars.

In Europe, ENDESA is the only Spanish company involved in the ELVIRE and G4V consortia aimed at developing the necessary technology, solutions and services to enable ongoing interaction between drivers, their power suppliers and the smart grid. These projects also evaluate the impact of a large-scale introduction of EV on the power grid.

ENDESA was also one of the first companies to join international standardisation and regulation groups for electric mobility equipment, systems and solutions and has recently teamed up with CHAdeMO, the Japanese association that provides fast charge services for EV users and boasts the largest global footprint, to expand the installation of these recharging points worldwide and set recharge standards.

Development of the electric vehicle at Peugeot

Peugeot, pioneer and leading world manufacturer of electric vehicles, will launch the iOn at the end of 2010. The car’s performance and 130 km driving range owe to the use of lithium-ion batteries, making it an efficient response to the challenges of urban mobility while respecting the environment.

The iOn, unveiled at the Frankfurt Motor Show in 2009, will integrate a new type of vehicle into Peugeot’s range of automobiles. A pioneer in the field of electric vehicles, Peugeot, with the Peugeot 106 manufactured between 1995 and 2003, has sold the most zero-emission cars in the world today.

Therefore, the Lion Brand is committed to being one of the major players in the new market for electric vehicles.

At the end of 2010, Peugeot will become one of the first manufacturers to launch a new all-electric car in Europe: the iOn.

The iOn illustrates Peugeot’s willingness to adapt to the need for this new type of vehicle by offering multiple solutions built for different urban mobility requirements.

So far, over a thousand customers have registered on Peugeot’s webpage, showing their interest in this vehicle.

It is also one of the keys in Peugeot’s strategy to reduce the environmental impact of its vehicles and the dependence on fossil fuels.