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Home Ā» Automobile Ā» Renault Ā» Mitsubishi Motors says no decision yet on investing in Renault’s new EV spinoff
Mitsubishi

Mitsubishi Motors says no decision yet on investing in Renault’s new EV spinoff

By Andy WilliamsNovember 5, 2022No Comments2 Mins Read
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Although under the auspices of the same alliance, Mitsubishi explained that they have not yet decided whether to invest in electric vehicles that will be produced by Renault.

In general, Renault does separate factories between production for electric cars and conventional engine cars. This is done to make the production process easier in the future.

As reported by Reuters, Mitsubishi Chief Executive, Takao Kato, said that his party would still consider steps to invest in the electric car.

“It is important to get a full understanding from our shareholders and board members, and for this reason, it is necessary to examine the figures carefully. We do not expect to reach a conclusion in such a short time,” Kato said.

The reaction to Mitsubishi’s response apparently came after Renault’s chief executive, Luca de Meo, said that the company would control 80 percent of the electric vehicle chain ahead of the 2030 target.

“Our old recipe is not enough anymore. The huge investment they need (the shift to electrification) is not sustainable. We want to invest together, and be creative together,” explained Luca de Moe, at the time.

As one of the electric cars that is being hotly discussed is the Renault 5 EV, where the model manages to reflect retro and modern nuances in a unique form.

The presence of the electric car, reportedly will be Renault’s weapon to welcome the era of electrification later.

See Also:

  1. Nissan, Mitsubishi & Renault alliance increase their investment on EV development
  2. Renault Master E-Tech Becomes the Official Minibus of the English Football Club
  3. Mitsubishi eK X EV Debuts As $18,756 Electric Kei Car With 180 km Of Range
  4. Renault unveils the R5 Turbo 3E electric concept with 375 hp and game-inspired design
  5. Nissan ready for potential investment in Renault electric vehicle business
Electric Vehicle Mitsubishi Renault Renault 5
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