French financier Vincent Bollore has announced that his parent company has entered into a joint-venture with Pininfarina to develop an electric car. The deal — which is valued at 150 million euros — will see the electric car designed and built in Italy.
The car will be sold in Europe, Japan and the United States. The companies hope to have the car to market by the summer of 2009.
According to Reuters, the car will use lithium-metal-polymer battery packs developed by the Bollore group.
The Bollore group is also developing an electric car with the French power company, EDF.
