To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
Reuters file photo A businessman stands next to logo of Mitsubishi Motors Corp at the company’s headquarters in Tokyo, 2004.
Jiji Press
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.
