Valeo and Michelin announced today the signature of a letter of intent to coordinate the development of electric and rechargeable hybrid vehicle systems such as the drive train, engine and battery cooling management, climate control, lighting, energy management and tyres.
The companies said the announcement demonstrates the willingness of the two groups to contribute to the federation of companies around the development of these technologies in France, as encouraged by the French Government’s “Automotive Pact”.
Valeo was a key supplier of the drive train for over 10,000 first generation electric vehicles developed by PSA Peugeot Citroen and Renault. Michelin, in addition to its range of tyres and wheel assemblies, will contribute its know-how in the ‘active wheel’ area.
Michelin and Valeo are convinced that by joining forces they will help to accelerate the emergence of electric vehicles in France and worldwide.