Peugeot Italia and the Italian energy company Sorgenia have signed an agreement to cooperate on the launch of electric cars in Italy, the two companies said Tuesday in a joint statement.

Peugeot is expected to launch its electric car model iOn on the market by the end of 2010, the joint statement added.

"The entrance in the electric mobility market is a new opportunity for Sorgenia to develop its business," Sorgenia Chief Executive Massimo Orlandi said in the statement.

-By Davide Scigliuzzo, Dow Jones Newswires; 39 02 58 21 9901; davide.scigliuzzo@dowjones.com
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