Mitsubishi Motors Corporation
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in mil. unless spec.Company Description
- CEO
- Takao Kato
- Full Time Employees
- 27,695
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- 1-21,Shibaura 3chome Tokyo TY Japan 108-8410
- IPO Date
- Dec 5, 1988
- Website
- mitsubishi-motors.co.jp
- Similar Companies
- Business
- Mitsubishi Motors Corporation (7211.T), a member of the Renault-Nissan-Mitsubishi Alliance, develops, manufactures and sells passenger vehicles worldwide, with a competitive edge in SUVs, pickup trucks, plug-in hybrid electric vehicles and light commercial vehicles under the Mitsubishi brand; its core offerings include the Outlander PHEV, the world's first plug-in hybrid SUV launched in 2013, alongside models such as the Xforce HEV, Destinator crossover, Pajero Sport SUV, L200 Triton pickup, Eclipse Cross, ASX, Colt, Minicab kei vans and cars, as well as electric vehicles like the i-MiEV, the first mass-produced EV in 2009. Headquartered in Minato, Tokyo, Japan, and founded in 1970 as a spin-off from Mitsubishi Heavy Industries, the company operates manufacturing facilities primarily in Japan, Thailand, Indonesia and the Philippines, with additional production through joint ventures and a global sales presence in more than 160 countries, targeting ambitious drivers in ASEAN, North America, Europe and emerging markets. Mitsubishi Motors maintains financial services related to vehicle sales and engages in R&D through centers in Japan, the US and Europe; it produces approximately 1.1 million vehicles annually, with key plants in Okazaki, Japan, and Thailand contributing significantly to output. In recent developments, Mitsubishi Motors repurchased 10.02% of its own shares (up to 149 million shares) from Nissan Motor in November 2024 at JPY 460.6 per share to improve capital efficiency and reduce cross-shareholdings, lowering Nissan's stake from 34.07%; the company launched the all-new Destinator crossover in Vietnam and the Philippines in 2025, with the model earning a five-star ASEAN NCAP rating, and introduced the Xforce HEV, which won Thailand Car of the Year 2025. Additionally, Mitsubishi Motors announced plans under its Momentum 2030 strategy for annual new or revised vehicles from 2026, including a Nissan-co-developed BEV for North America in summer 2026 and an all-new SUV for future US production, while targeting 100% electrified vehicle sales by 2035 to support carbon neutrality.
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