Fiat Chrysler and Engie agree to set up e-mobility joint venture

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MILAN (Reuters) – Fiat Chrysler and Engie EPS, a part of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility, the two companies said on Thursday.
Fiat Chrysler’s Italian division and Engie EPS, which is also based in Italy, have entered into a memorandum of understanding aimed at creating the joint venture, they said in a statement.
The new venture will offer a full range of products and solutions, including residential, business and public charging infrastructure as well as green energy packages for electric vehicle customers across Europe, they said.
Fiat Chrysler (FCA) launched the electric 500 small car and several Fiat, Jeep and Maserati hybrid models this year in a bid to catch up with rivals in the race for green mobility.

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