WorldTekhno.com – Mitsubishi has announced plans to exit China. This decision was made after Mitsubishi experienced a significant drop in sales in China in recent years. Mitsubishi’s sales in China fell from 1.04 million units in 2021 to 702,000 units in 2022.
Mitsubishi has been active in China since 1986. That year, Mitsubishi reached an agreement with Liuzhou Automotive to assemble Minicab trucks and vans in China. Mitsubishi is the third Japanese automaker to assemble its products in China, after Daihatsu and Suzuki.
In 1992, Mitsubishi established its first factory in China, located in Nantong, Jiangsu. This factory produces several models of Mitsubishi cars, including Pajero, Lancer and Outlander.
Mitsubishi has continued to expand its business in China over the years. In 2012, Mitsubishi established a joint venture unit with Jiangling Motors, which produces the Xpander SUV model.
However, Mitsubishi’s sales in China have started to decline in recent years. Mitsubishi’s sales in China fell from 1.04 million units in 2021 to 702,000 units in 2022.
In September 2023, Mitsubishi announced plans to exit China. This decision was made after Mitsubishi experienced a significant drop in sales in China in recent years.
Several factors contributed to Mitsubishi’s decision to exit China. One factor is China’s transition to electric cars. Mitsubishi sells only one electric car in China: the Mitsubishi Airtrek. However, sales of the Mitsubishi Airtrek are very small.
Another factor is the increasingly fierce competition in the Chinese car market. Chinese car manufacturers have grown rapidly in recent years and offer more competitive products in terms of price and features.
Mitsubishi will stop producing cars in China by the end of 2023. The company will also close all its dealerships in China. Mitsubishi’s decision to leave China is a major blow to the Japanese car industry. China is the world’s largest car market and Mitsubishi is one of the largest Japanese car manufacturers.
Here are several important points about Mitsubishi’s decision to leave China:
Mitsubishi will stop producing cars in China by the end of 2023.
The company will also close all its dealerships in China.
This decision was taken after Mitsubishi experienced a significant drop in sales in China in recent years.
Factors contributing to this decision include China’s transition to electric cars and increasing competition in the Chinese car market.***
