PSA Peugeot Citroën and General Electric have signed a European co-operation agreement to co-develop electric vehicles.

Jean-Marc Gales, PSA’s executive vice president sales, marketing and aftersales and Ferdinando Beccalli-Falco, president of GE Europe and North Asia, signed a technology and commercial cooperation agreement earlier this week.

GE and PSA hope to develop a new EV in Europe that will enable business customers to fully integrate such vehicles in their fleets. Both companies intend to cooperate in the creation of an EV customer experience centre in France that will promote the implementation of projects to demonstrate the economic, commercial and technological challenges at stake.

GE Energy’s Industrial Solutions will supply the infrastructure products needed to make the projects possible, in particular charging stations and installer network. GE has also shown interest in buying up to 1,000 EVs from PSA by the end of 2015.

PSA has been manufacturing and selling EVs under the Peugeot and Citroën brands since 1995 including the recently launched, Mitsubishi-made Citroën C-Zero and Peugeot Ion. GE provides commercial car and truck financing and fleet management services. GE Energy’s Industrial Solutions produces equipment to support electrical infrastructure such as EV charging.