Mitsubishi Motors to Invest Up to ¥1.8 Trillion for Electrification
14:00 JST, March 11, 2023
TOKYO (Jiji Press) — Mitsubishi Motors Corp. on Friday announced a plan to invest ¥1.4 trillion to ¥1.8 trillion for vehicle electrification by fiscal 2030.
Mitsubishi Motors plans to accelerate work to launch electric and plug-in hybrid vehicles at home and abroad, aiming to make all new vehicles it sells electrified vehicles by fiscal 2035.
In its new medium-term business plan, the automaker said it hopes to realize an operating profit of ¥220 billion in fiscal 2025, up from ¥170 billion estimated for fiscal 2022 ending this month.
The company also announced a medium-term decarbonization strategy envisioning that electrified vehicles will account for nine of the 16 models to be released over the next five years. It did not say how many will be EV and PHV models.
"Business" POPULAR ARTICLE
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
JR East Eyes Freight-Only Cars for Shinkasen Trains as Japan Logistics Industry Suffers from Labor Shortage
-
JR East Employee in His 70s Earns Doctorate on Safe Train Operations; Believes Accidents Caused by Human Error Can Be Reduced
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!