The automaker has pledged to invest $10-$13 billion in research and development and facilities for electrified vehicles and battery production through 2030.
Mitsubishi Motors has pledged to invest more than $10 billion into electrified vehicles and battery production through 2030.
The Japanese automaker plans to expand its battery-powered lineup in markets such as North America and Europe, and will rely on help from alliance partners Nissan and Renault for that.' CEO Takao Kato today unveiled the company's new mid-term plan, which focuses heavily on electrification. The automaker will invest between $10.26 billion and $13.19 billion in R&D and facilities for electrification through 2030.
This will partially ensure funding for the launch of nine new electrified models, including four BEVs, over the next five years. Among the all-electric models previewed by Kato were a pickup truck, a two-row SUV, and two models sourced from alliance partners Nissan and Renault. The latter will likely be rebadged models.kei car
judging by the typical body shape that can be distinguished from under a black cover in a teaser photo of all the upcoming models. As for the electric pickup, it will target markets such as southeast Asia, Oceania, Latin America, the Middle East, and Africa where the combustion engine-powered Triton/L200 is popular. However, Kato did not rule out the possibility of Mitsubishi bringing an all-electric truck to the US.
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