Info
Info

FCA and ENGIE EPS plan to create new JV in the e-mobility sector

News
Info
FCA Italy S.p.A., a wholly-owned subsidiary of Fiat Chrysler Automobiles N.V., and ENGIE EPS, an Italian technology player in Energy Storage and e-Mobility, have entered into a Memorandum of Understanding aimed at creating a Joint Venture, to become a leader in the European e-Mobility landscape, which would rely on FCA's financial resources and industrial footprint and on ENGIE EPS' technological know-how and intellectual property portfolio.

The two companies join forces in order to move forward into the new era of a more sustainable mobility, offering innovative solutions and services to make access to electric mobility easy and convenient for everyone.

The newly created company would offer a full suite of products and solutions for electric vehicles 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.

A new Italian tech e-Mobility player, with access to a portfolio of hundreds of patents and industrial secrets, a solid team of electrical and system engineers, and a consolidated automotive industrial footprint would thus emerge. The Joint Venture would in fact benefit from the contribution of both parties in terms of intellectual property, human resources and financial assets, and would focus on innovative and disruptive solutions for the European e-Mobility market. The envisaged transaction would represent an important strategic step in the evolution of the two Groups' product portfolios and would set a major step towards elimination of barriers to the e-Mobility transition in Europe.

“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,” said Mike Manley, Chief Executive Officer of Fiat Chrysler Automobiles. “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”.

“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,” commented Carlalberto Guglielminotti, Chief Executive Officer and General Manager ENGIE EPS. “Italy left a profound mark on history with its excellence in the automotive industry and in the development of innovative technologies in the energy sector. This Joint Venture is the opportunity to consolidate this heritage whilst shaping the road ahead for a greener mobility.”

The envisaged transaction will be subject to the standard conditions foreseen for this type of operation and all necessary communications and approvals from the competent authorities and institutions. The two parties 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.

The Latest News, Brought To You By
FCA and ENGIE EPS plan to create new JV in the e-mobility sector
Modified on Thursday 12th November 2020
Find all articles related to:
FCA and ENGIE EPS plan to create new JV in the e-mobility sector
TaaS Technology Magazine
Info
Arrival Expands Executive Leadership Team
Van Mieghem Logistics Testing First Mercedes-Benz EActros In Belgium
Northvolt Commissions Its First Public Energy Storage System In Sweden
Pirelli To Supply Tailor-made Tyres For Rivian’s All Electric Pickup Trucks And SUVs
Electrify America Surpasses Milestone Of More Than 500 Public EV Charging Stations
TIER Raises $250 Million Series C Funding
Hyundai Motor Group Brands To Feature NVIDIA DRIVE Platform As Standard
Volvo Trucks To Launch Its Complete Range Of Electric Trucks Starting In Europe In 2021
Ford Taps Kanasas City To Assemble All-electric Ford E-Transit
Rivian Reveals Prices Of The R1T And R1S
BMW Reveals Details Of Its All-electric IX
LEVC Begins Production Of The VN5 Electric Van
Hyundai Motor Group Joins IONITY
Volkswagen Group And Greece To Create Model Island For Climate-neutral Mobility
Volkswagen Breaks Ground On U.S. Lab For Developing, Testing Of EV Batteries
Siemens Selects XenomatiX Technology To Validate Simulations For Autonomous Vehicle Applications
All-electric Ford E-Transit Revealed
STREETDRONE SETS OUT RADICAL BLUEPRINT TO ACCELERATE EVERYDAY AV ADOPTION
Valmet Automotive Expands Production Capacity Of Battery Packs In Salo
TI Fluid Systems Supplies Volkswagen ID.3 And ID.4 With Industry-first Thermal Technology
Walmart Teams Up With GM’s Cruise To Pilot All-electric Self-driving Delivery
New Hyundai Kona Electric Launched With A Series Of Updates
FCA And ENGIE EPS Plan To Create New JV In The E-mobility Sector
Cummins And Navistar To Collaborate On Heavy-duty Class 8 Truck Powered By Hydrogen Fuel Cells
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}