Mitsubishi Motors Ends Production In China Amid Industry Evolution: Report
Portfolio Pulse from Akanksha Bakshi
Mitsubishi Motors has decided to cease automobile production in China due to rising EV popularity and strong local brands. The company has started final withdrawal talks with China's Guangzhou Automobile Group (GAC), with which Mitsubishi has a joint venture. GAC Mitsubishi Motors owns a manufacturing plant in Hunan province, which ceased production in March. GAC plans to convert the Hunan plant for EV manufacturing. Mitsubishi Motors and Mitsubishi Corp. are pulling their investments.
September 27, 2023 | 12:06 pm
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NEGATIVE IMPACT
Mitsubishi Motors is ceasing production in China and pulling its investment from GAC Mitsubishi Motors.
The decision to cease production and pull investment could negatively impact Mitsubishi Motors' financial performance and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mitsubishi Corp. is pulling its investment from GAC Mitsubishi Motors.
The decision to pull investment could negatively impact Mitsubishi Corp.'s financial performance and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80