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Mitsubishi Motors to end production in China, invest in Renault EV unit
![IndiaTimes]()
Tuesday, 24 October 2023
Mitsubishi Motors will cease production of its cars at its joint venture in China and transfer its stake to its Chinese partner, Guangzhou Automobile Group (GAC), as part of efforts to reduce costs in the competitive Chinese auto market. The Japanese automaker will also invest up to €200 million ($214 million) in Renault's new electric vehicle unit to strengthen its presence in Europe and other markets. The move follows a restructuring of the alliance between Mitsubishi's partners, Renault and Nissan Motor.
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Tuesday, 24 October 2023
