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FCA and Engie EPS plan to create a joint venture in e-mobility sector

MJAB

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"Fiat Chrysler Automobiles and ENGIE EPS plan to join forces in a JV creating a leading company in the e-Mobility sector"
Fiat Chrysler Automobiles and ENGIE EPS plan to join forces in a JV creating a leading company in the e-Mobility sector

The joint venture will be done between FCA and Engie EPS. Engie bought majority of EPS, french campany but with R&D and industrial facilities in Italy (it was created from a pinoff of Politecnico di Torino and Politecnico di Milano).
Pioneering Energy Storage and eMobility - Engie EPS

"... The Joint Venture will offer a full suite of products and solutions (such as charging infrastructure and green energy packages) to electric vehicle customers across Europe ..."

"... 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. ..."
 
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