TOKYO, March 10 (Reuters) – Mitsubishi Motors Corp (7211.T) plans for hybrid and battery electrical automobiles to account for all new automobile gross sales by the center of the subsequent decade, beefing up its electrification technique for staying aggressive in key markets.
Mitsubishi, which can be a junior accomplice in an alliance with France's Renault SA (RENA.PA) and Nissan Motor Co (7201.T), stated it would roll out 16 new fashions over the subsequent 5 years.
The Japanese automaker, recognized for its Outlander sport utility automobile, caught to a earlier aim of getting half of its new automobile gross sales electrified by fiscal 2030 and on Friday newly pledged to lift that additional to 100% by fiscal 2035.
Mitsubishi considers plug-in hybrids (PHEV), hybrid electrical automobiles and battery electrical automobiles (BEV) as electrified automobiles. Electrified automobiles accounted for about 7% of the corporate's complete new automobile gross sales in fiscal 2021.
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“Amongst our current fashions, we'll broaden the geographical areas the place our flagship PHEV Outlander is being supplied and construct out the gross sales of the Minicab-MiEV mild business EV that was relaunched final 12 months,” Chief Government Takao Kato stated.
Among the many 16 new fashions Mitsubishi plans to roll out, one will probably be a BEV Renault alliance mannequin, whereas one other will probably be a Nissan alliance mannequin, Mitsubishi stated in presentation supplies that had been a part of its fiscal 2023-2025 marketing strategy.
Mitsubishi, an early mover in EVs within the early 2010s, at the moment has no BEVs in its line-up in Europe. Its new BEV for Europe would mark a comeback in a extremely aggressive market the place new entrants reminiscent of Tesla have already quickly gained market share.
The mannequin could possibly be a variant of the Renault electrical MPV Scenic made in France and anticipated in 2024, or a variant of the Renault electrical metropolis vehicles R5 or R4 anticipated respectively in 2024 and 2025 and in addition made in France, a supply near the matter stated.
Mitsubishi Europe declined to touch upon the matter.
Of the opposite 14 fashions Mitsubishi plans to launch, seven will probably be purely combustion engine-powered ones, 5 will probably be hybrids and the remaining two will probably be BEV, the corporate stated.
Reporting by Daniel Leussink and Gilles Guillaume; Extra reporting by Elaine Lies; Modifying by Chang-Ran Kim, Shounak Dasgupta and Christina Fincher
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