Mitsubishi Motors Corporation has announced plans to invest up to 1.8 trillion yen in the development of EVs (electric vehicles) by fiscal 2030.
In order to respond to the increasingly fierce development competition in the world, it is a policy to make all new vehicles sold in fiscal 2035 electrified vehicles such as EVs.
In the business plan announced by Mitsubishi Motors on the 10th, in order to respond to the global shift to EV, 9 models of electrified vehicles such as EVs and plug-in hybrids will be introduced to the market over the next five years, and sales will start in 2035. The policy is to make all new vehicles to be electrified vehicles.
In order to realize these plans, the company plans to invest between 1.4 trillion and 1.8 trillion yen in EV research and development and battery-related facilities by fiscal 2030.
In addition, in Southeast Asia, which is the main market, there are many areas where charging facilities are not sufficient, so we will mainly introduce hybrid vehicles, aiming to expand sales volume and earnings.
On the other hand, in Europe, we plan to sell EVs produced by our partner Renault of France.
At a press conference, President Takao Kato said, "We will work on development for the acceleration phase of electrification and strengthen cooperation with alliances to strengthen the brand."