Mitsubishi To Invest $5.35 Billion To Develop EVs, Boost Output In Asia

OCT 19 2017 BY MARK KANE 6

Mitsubishi e-EVOLUTION Concept

Bring on the plug-in hybrid SUVs!

Mitsubishi Motors, now acquired by Nissan (and also now part of the Renault-Nissan-Mitsubishi Alliance), apparently finds itself flush with cash, and intends to increase its R&D to more than 600 billion yen ($5.35 billion) over the next three years.

Mitsubishi EX Concept

The Japanese company now intends to spend 5% of its future revenues on R&D, and 5% on new equipment to make up for lost time.

Naturally, the bulk of the new expenditures will be related to plug-in vehicles, and also production of cars in China and Indonesia.

Finally, all those plug-in hybrid SUV concepts we have seen over the years, will be sped into reality; while some of the funds we imagine will also go to porting over some future all-electric offerings from Nissan-Renault.

At this time, media reports don’t contain any specific details, but we can be sure that the Outlander PHEV and i-MiEV will not long will be the only plug-in models offered by the brand.

Also: Mitsu has an electric concept SUV set to debut at the Tokyo Motor Show.

source: Reuters

Categories: Mitsubishi

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6 Comments on "Mitsubishi To Invest $5.35 Billion To Develop EVs, Boost Output In Asia"

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leafowner

Oh – I forgot Mitsubishi still sold automobiles.

ItsNotAboutTheMoney

Well, last year they only sold 926,000 vehicles. That was down (probably due to the fuel economy scandal). The previous year they sold about as the same as Subaru.

Danny

Your wrong i bougth recenly 2 mitsubishi amd i have 10 years warranty better that others brands

Rich

Great to hear that Nissan’s ownership is making a positive difference on Mitsubishi’s decision making. Another all electric CUV/SUV is always a welcome addition. Hopefully it won’t look anything like the EX concept pictured above.

Carl

The long awaited Outlander PHEV is finally here in the USA!!!! Yiiiipppeee

Nick

Too bad Nissan killed the evo production..but happy to see the new outlander …also hope to bring over in American market the beast BAJERO…