The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are only battery electric vehicles and hybrids.
Reuters reported that Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor, said it plans to roll out its sixteen models in the course of the next five years.
The leading automaker, holding on to its previous goals of ensuring half of its sales of cars are electrified by the end of 2023, now promised to raise the sales of its electrified vehicles to 100% by the end of 2035.
Mitsubishi classifies battery electric cars, hybrid electric vehicles, and plug-in hybrid electric vehicles as electrified vehicles.
According to reports, the company forecasts that in its fiscal 2021 new car sales, electrified vehicles will represent around 7% of the total.
Speaking about the plans, the Chief Executive Officer, Takao Kato, said, “Among our existing models, we’ll expand the geographical areas where our flagship PHEV Outlander is being offered and build out the sales of the Minicab-MiEV light commercial EV that was relaunched last year.”
According to Mitsubishi in presentation materials that were part of its fiscal 2023-2025 business plan, “Among the 16 new models Mitsubishi plans to roll out, one will be a BEV Renault alliance model, while another will be a Nissan alliance model.”
“Of the other 14 models Mitsubishi plans to launch, seven will be purely combustion engine-powered ones, five will be hybrids and the remaining two will be BEV,” the company said.