BNEF Brief: Fiat Chrysler and Peugeot join forces

The video discusses the significant financial investments by PSA and FCA in electric vehicles (EVs) as they aim to catch up with competitors like Volkswagen, Nissan, and Tesla. Both companies have announced plans to launch numerous EV models in the coming years, with PSA targeting 15 models by 2021 and FCA aiming for 32 by 2022. The merger between PSA and FCA is partly motivated by the need to share costs and resources. The video also highlights the competitive EV market, particularly the dominance of Chinese companies like BYD. European CO2 regulations are pushing automakers to increase EV sales to avoid fines. PSA and FCA are planning a big push in the European market, with PSA having new models ready for next year and FCA collaborating with Tesla to improve emissions.

What is the primary reason PSA and FCA are investing billions in electric vehicles?

• To focus solely on the Chinese market

• To reduce their workforce

• To catch up with competitors and expand their EV lineup

• To surpass Tesla in sales

Which companies are leading in the EV market according to the transcript?

• PSA and FCA

• Volkswagen and Nissan

• BYD and other Chinese companies

• Ford and General Motors

What is driving European automakers to increase their EV sales?

• Increased consumer demand

• CO2 regulations and potential fines

• Rising fuel prices

• Government subsidies

How is FCA planning to improve its CO2 emissions?

• By reducing production

• By collaborating with Tesla

• By launching more hybrid vehicles

• By focusing on diesel engines

What is PSA's strategy to comply with CO2 regulations?

• Increasing fuel efficiency of gasoline cars

• Introducing new EV models

• Reducing vehicle prices

• Partnering with Chinese companies