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 significance of the number of electric vehicle models PSA and FCA plan to launch?

In what ways are Chinese companies like BYD influencing the electric vehicle market?