Mitsubishi halts China production as it faces do or die competition

Capt. John

JAPANESE giant Mitsubishi Motors has suspended production in China and plans to cut staff after struggling to move to electric vehicles in the world’s largest car market, reports London’s Financial Times. Sales of Japanese cars have been hit hard in China after their manufacturers’ slow rollout of electric vehicles and a price war sparked by Tesla. In June, Japanese brands’ share of China’s auto market fell to 17.8 per cent, down from 21.5 per cent in the same month last year, according to the...

https://www.seanews.com.tr/mitsubishi-halts-china-production-as-it-faces-do-or-die-competition/197955/

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