Cookie Consent by Free Privacy Policy website Groupe PSA welcomes the support plan to the automotive sector of French government
may 27, 2020 - PSA

Groupe PSA welcomes the support plan to the automotive sector of French government

The Group highlights in particular the following initiatives:

• The introduction of the purchase bonus for plug-in petrol hybrid vehicles at € 2,000: Groupe #psa produce these vehicles in France, in Sochaux, Mulhouse and Rennes
• The increase of the bonus for electric vehicles to € 7,000 for individuals and to € 5,000 for fleets
• The plan to strengthen the deployment of charging stations.

On the occasion of the presentation of this plan, Carlos Tavares, Chairman of the Management Board of Groupe #psa, declares: "The plan presented by the President of the French republic fits perfectly with the movement initiated by Groupe #psa in its daily fight against global warming, accompanied by substantial investments to locate the electrification value chain in France. We welcome the purchase incentive scheme which should promote the energy transition with aid intended to increase the market share of electrified vehicles and to accelerate the renewal of old vehicles with more virtuous vehicles ”

Groupe #psa, which is anchored on the national territory, contributed positively of more than 4.4 billion euros to the French trade balance in 2019, and seizes the opportunity of the energy transition to invest more than 400 million euros in production capacities for future electrified powertrains at its French sites, which will be supplemented by the European industrial project for the production of batteries.

The Group will produce in France from 2022 components which are sourced in Asia for the time being. Thus, the electric motors will be produced by the joint venture with Nidec Leroy Sommer in Trémery and the E-DCT gearboxes in Metz by the joint venture Punch Powertrain #psa e-transmission.

Other components are or will soon be manufactured in France such as the casings of electrical machines in Charleville, the reducers in Valenciennes, as well as the trays and battery packs in the Group's factories in Poissy, Sochaux, Rennes and Mulhouse.

In addition, a new generation of electrified platform will be industrialized at the Sochaux site by 2022 to manufacture the future generation of the Peugeot 3008.

Finally, thanks to the support of the French public authorities, Groupe #psa will take a decisive new step in partnership with the Total Group for an investment in France of around 2 billion euros, to relocate battery production from China to a gigafactory in France. This major component alone represents 35% of the value of electric vehicles.

The dynamic initiated by Groupe PSA towards a low-carbon society is guided by an ethical approach. As such, since the beginning of 2020, Groupe #psa has been better than the target set for CO2 emissions from its vehicles, thanks to the adequacy of its commercial offer to the needs of its customers.

Related news

february 24, 2021
january 18, 2021
january 14, 2021

Amsterdam – #stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced on February 5, 2021 that the Fourth Quar...

The merger between Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) that will lead t...

17 electrified models[1] on saleThree awards[2] from #automotive experts: Car of the Year, Autobest and IVOTYLeadership in CO2 emi...

You might be interested in

january 04, 2021
december 28, 2020
december 23, 2020

Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) announce that their respective shar...

From January 1, 2021, #louismariechevalier is appointed Director of #psa Retail France. He will report to Anne Abboud, Senior Vice...

Following the publication of decree n° 2020-1614 of December 18, 2020 extending and modifying decree n° 2020-418 of April 10, 2020...