FCA & ENGIE EPS, working together for easier and more affordable electrification

 

  FCA Italy S.p.A. ("FCA"), a subsidiary of Fiat Chrysler Automobiles N.V.
and ENGIE EPS, an Italian technology company in the storage sector
energy and e-Mobility, signed a Memorandum of Understanding, aiming at the creation of a new company
which will play a leading role in the field of e-Mobility in Europe. The new agency will be based on the financial resources and
the industrial footprint of FCA and the advanced know-how of the ENGIE EPS in this area. The cooperation between the two
companies comes as a result of their quest to offer solutions and
services accessible to all in the new era of electrified and sustainable
automotive.

 

 

  The new company will offer a full range of products and services for
electric vehicle users, such as home and public stations
charging and, "green" energy packages. Having in its portfolio
hundreds of patents and industrial secrets, strong teams of engineers and
deep knowledge of the automotive industry, the new company e-Mobility, will benefit from the strong characteristics of the FCA and ENGIE EPS. This cooperation will be an important
strategic move in the evolution of the products offered by the two Groups and
will be a decisive step towards eliminating problems along the way
of Europe to the e-Mobility.

 

  "The signing of the Memorandum of Understanding
the successful cooperation between the two companies in the past few years.
the last three years, the  which allowed
the development of innovative programmes, such as the exclusive FCA charging system easyWallboxbut
and the new pilot programme V2G",
said Mr. Mike Manley, Chief Executive Officer of Fiat Chrysler Automobiles. "The possible creation of the new company will
allow for an even stronger commitment of both parties to the development of new
partnerships and the development of innovative products and services, which will enable
a smoother transition to electrified traffic in Europe."

 

  "The electrified movement is
an inevitable development for urban mobility, but also an inevitable
an example of the global change in energy systems. Η
signing of the Memorandum of Understanding constitutes a deposit of the joint commitment to
accelerate this change that will lead to a more sustainable future." noted Mr. Carlalberto Guglielminotti, Chief
Executive Officer and General Manager of ENGIE EPS. "Italy has left a unique imprint in history thanks to the
dynamics in the automotive industry and the development of innovative solutions
in the energy sector. This cooperation is an opportunity to take advantage of
this tradition and pave the way for greener motoring."

 

  The new partnership will pass the relevant checks by the competent authorities,
and the two parties are expected to sign all the relevant agreements by
the end of the year, so that the new company can be established within the first
quarter of 2021.