Streetbeat News

MMTOF

Mitsubishi Motors Corporation

https://www.mitsubishi-motors.com/

CEO

Takao Kato

Industry

Automobile Manufacturing

Open

2.96

Mkt cap

4.1B

Volume

100

High

2.96

P/E Ratio

5.07

52-wk high

3.38

Low

2.79

Div yield

0.03

52-wk low

2.36

Mitsubishi Electric Corporation is investing 10 billion yen to build a new facility for power semiconductor modules in Fukuoka, Japan, set to begin operations in October 2026.

Portfolio Pulse from

November 20, 2024 | 12:30 am

The India 2-Ethyl Hexanol (2-EH) market is experiencing significant growth, with a projected CAGR of 3.94% from 2024 to 2030. The market is driven by demand in construction, automotive, and packaging industries, and is adapting to environmental regulations by exploring bio-based production. Key players include India Glycols, OXEA, and KH Neochem.

Portfolio Pulse from

November 14, 2024 | 11:00 am

Mitsubishi Heavy Industries has demonstrated significant growth, with a 150% year-to-date performance and a 78.05% compound growth from March 2022 to November 2024. The company has achieved record-breaking orders and profits, particularly in its Energy Systems unit and renewable energy projects. However, there are valuation concerns due to a high P/E ratio of 31.11, indicating high market expectations amidst cyclical industry risks.

Portfolio Pulse from

November 11, 2024 | 8:30 pm

Mitsubishi Heavy Industries is focusing on providing technical solutions to aid Indonesia's energy transition, as the country heavily relies on coal.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

Nissan Motor Co Ltd (OTC:NSANY) is considering moving the production of its ultra-compact electric vehicles, currently manufactured by Mitsubishi Motors Corp (OTC:MMTOF), in-house to its Kyushu factory starting April 2028. This strategic shift aims to improve production efficiency, reduce costs, and enhance profit margins in the kei electric vehicle segment, where Nissan lags behind Toyota Motor Corp (NYSE:TM) and Honda Motor Company, Ltd. (NYSE:HMC). The Nissan Sakura, a kei car, was the best-selling passenger EV in Japan in 2023 with a 42% market share.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 4:56 pm

Tesla Inc (NASDAQ:TSLA) saw the largest increase in new vehicle registrations in the EU in October, with a 148% jump from the previous year. Other automakers also experienced growth, but Ford Motor Co (NYSE:F) and Mitsubishi Motors Corp (OTCPK: MMTOF) saw declines. Volkswagen AG (OTCPK: VWAGY) remains the top brand, followed by Stellantis NV (NYSE:STLA). The EU car market is growing, with a rise in EV registrations, although gas remains the most popular fuel.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 8:48 am

Renault SA has reduced its stake in Nissan Motor Co., Ltd. from 43.4% to 15%, transferring the remaining 28.4% shares into a French trust. Renault and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations. Renault continues to benefit from the economic rights from the entrusted Nissan shares until they are sold. Mitsubishi Motors is also a member of the Alliance with Renault and Nissan Motor. The alliance will continue to identify key projects across markets.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 12:27 pm

The top-selling electric vehicle (EV) in Japan is the Sakura, a kei car co-developed by Nissan Motor Co. (OTC:NSANY) and Mitsubishi Motors Corp. (OTC:MMTOF). The Sakura and its Mitsubishi counterpart, the eK X, account for nearly half of all EV sales in Japan this year. Despite the overall subdued EV market in Japan, these models have found favor with consumers for their affordability and practicality. However, success in Japan doesn’t translate into overseas sales due to stricter collision standards and regulations in other countries.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 9:36 am

Mitsubishi Motors plans to invest up to €200 million in Renault's EV unit Ampere. This investment is part of Mitsubishi's mid-term management plan focusing on electric vehicle development. The company is also intensifying collaboration with Alliance members Renault and Nissan as part of their commitment to the electrification acceleration phase. Mitsubishi Motors aims to improve its EV development technology and expand its EV line-up through this initiative.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 12:43 pm

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