Mitsubishi has plans to launch eight new electric / plug-in hybrid vehicles by 2015. The new plan of the Japanese giant is based on the growing markets of fuel-efficient products worldwide.
The all new mid-term business plan of the company aims at a comprehensive growth with focus on environmental initiatives, and by reforming cost structure. The details of the upcoming EVs are limited, but we expect the new line-up to be inclusive of production versions of the Px-MiEV and MiEV Cargo concepts.
The company will also have plans that focus on the development of compact cars and SUVs as great demand is expected for both the segments. The growth of auto markets in the emerging economies is notable and the company hopes to take advantage from these. They will be establishing their third plant in Thailand as part of the process.
They will to discontinue region-specific model production in the process of development of their plans and product range. The company will be cancelling market-specific models (including the Eclipse, Endeavor and Galant) in the US and Europe as a part of shifting their focus into the emerging global platform.
With the new plans, it seems Mitsubishi is going for a greater cooperation with Nissan. Besides the collaboration for a development of a mini-car, they may also unite for a jointly-developed one-ton pickup for emerging markets.