PSA will produce batteries for hybrids, EVs, in Slovakia, Spain

PSA Group will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain.

The company also expects to produce batteries at some of its other factories as sales of electric cars pick up, Peugeot's industrial director, Yann Vincent, said.

PSA currently buys batteries from South Korea's LG Chem and China's Contemporary Amperex Technology.