Yomiuri: Mitsubishi Motors Calls off Plan to Develop In-House EVs by 2028

Dow Jones

May 12, 2025

By Daisuke Narahashi

Yomiuri Shimbun Staff Writer

Mitsubishi Motors Corp. President Takao Kato has revealed that the Japanese automaker will scrap its plan to develop two in-house electric vehicle models by 2028.

The automaker has concluded that demand for EVs is slowing down, according to Kato. Therefore, it will redistribute management resources to plug-in hybrid vehicles (PHVs).

"The growth of EVs has come to a standstill globally, and hybrid cars and PHVs are gaining renewed attention as a more pragmatic environmental technology," said Kato at a press conference to announce the company's financial results on Thursday. "For the time being, we will concentrate on developing PHVs. We will mainly utilize products made by original equipment manufacturers (OEM) to correspond to the markets demanding EVs.

"As we have changed our plan to develop in-house EVs, investments in batteries have also become unnecessary," Kato added. Mitsubishi Motors had previously planned to introduce nine electrified car models, including two in-house EV models, by 2028.

This article is from The Yomiuri Shimbun. Dow Jones Newswires and The Wall Street Journal were not involved in the creation of this content.

(END) Dow Jones Newswires

May 12, 2025 01:34 ET (05:34 GMT)

Copyright (c) 2025 The Yomiuri Shimbun

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2534296545"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2534296545\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2534296545?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-12 13:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2534296545","market":"fut","top_or_hot":-1,"title":"Yomiuri: Mitsubishi Motors Calls off Plan to Develop In-House EVs by 2028","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Daisuke Narahashi \n</p>\n<p>\n  Yomiuri Shimbun Staff Writer \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/MMTOY\">Mitsubishi Motors</a> Corp. President Takao Kato has revealed that the Japanese automaker will scrap its plan to develop two in-house electric vehicle models by 2028. \n</p>\n<p>\n  The automaker has concluded that demand for EVs is slowing down, according to Kato. Therefore, it will redistribute management resources to plug-in hybrid vehicles (PHVs). \n</p>\n<p>\n  \"The growth of EVs has come to a standstill globally, and hybrid cars and PHVs are gaining renewed attention as a more pragmatic environmental technology,\" said Kato at a press conference to announce the company's financial results on Thursday. \"For the time being, we will concentrate on developing PHVs. We will mainly utilize products made by original equipment manufacturers (OEM) to correspond to the markets demanding EVs. \n</p>\n<p>\n  \"As we have changed our plan to develop in-house EVs, investments in batteries have also become unnecessary,\" Kato added. Mitsubishi Motors had previously planned to introduce nine electrified car models, including two in-house EV models, by 2028. \n</p>\n<p>\n  This article is from The Yomiuri Shimbun. Dow Jones Newswires and The Wall Street Journal were not involved in the creation of this content. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 12, 2025 01:34 ET (05:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 The Yomiuri Shimbun\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yomiuri: Mitsubishi Motors Calls off Plan to Develop In-House EVs by 2028</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYomiuri: Mitsubishi Motors Calls off Plan to Develop In-House EVs by 2028\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-12 13:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Daisuke Narahashi \n</p>\n<p>\n  Yomiuri Shimbun Staff Writer \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/MMTOY\">Mitsubishi Motors</a> Corp. President Takao Kato has revealed that the Japanese automaker will scrap its plan to develop two in-house electric vehicle models by 2028. \n</p>\n<p>\n  The automaker has concluded that demand for EVs is slowing down, according to Kato. Therefore, it will redistribute management resources to plug-in hybrid vehicles (PHVs). \n</p>\n<p>\n  \"The growth of EVs has come to a standstill globally, and hybrid cars and PHVs are gaining renewed attention as a more pragmatic environmental technology,\" said Kato at a press conference to announce the company's financial results on Thursday. \"For the time being, we will concentrate on developing PHVs. We will mainly utilize products made by original equipment manufacturers (OEM) to correspond to the markets demanding EVs. \n</p>\n<p>\n  \"As we have changed our plan to develop in-house EVs, investments in batteries have also become unnecessary,\" Kato added. Mitsubishi Motors had previously planned to introduce nine electrified car models, including two in-house EV models, by 2028. \n</p>\n<p>\n  This article is from The Yomiuri Shimbun. Dow Jones Newswires and The Wall Street Journal were not involved in the creation of this content. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 12, 2025 01:34 ET (05:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 The Yomiuri Shimbun\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534296545","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534296545","pubTimestamp":1747028040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Mitsubishi Motors Corp. President Takao Kato has revealed that the Japanese automaker will scrap its plan to develop two in-house electric vehicle models by 2028.The automaker has concluded that demand for EVs is slowing down, according to Kato. Therefore, it will redistribute management resources to plug-in hybrid vehicles .\"The growth of EVs has come to a standstill globally, and hybrid cars and PHVs are gaining renewed attention as a more pragmatic environmental technology,\" said Kato at a press conference to announce the company's financial results on Thursday. \"For the time being, we will concentrate on developing PHVs. We will mainly utilize products made by original equipment manufacturers  to correspond to the markets demanding EVs.\"As we have changed our plan to develop in-house EVs, investments in batteries have also become unnecessary,\" Kato added. Mitsubishi Motors had previously planned to introduce nine electrified car models, including two in-house EV models, by 2028.Thi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","MMTOY":"Mitsubishi Motors","BK4099":"汽车制造商"},"translate_title":"读卖新闻：三菱汽车评级计划到2028年开发内部电动汽车","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMTOY":0.9},"content_text":"By Daisuke Narahashi \n\n\n  Yomiuri Shimbun Staff Writer \n\n\n \n\n\nMitsubishi Motors Corp. President Takao Kato has revealed that the Japanese automaker will scrap its plan to develop two in-house electric vehicle models by 2028. \n\n\n  The automaker has concluded that demand for EVs is slowing down, according to Kato. Therefore, it will redistribute management resources to plug-in hybrid vehicles (PHVs). \n\n\n  \"The growth of EVs has come to a standstill globally, and hybrid cars and PHVs are gaining renewed attention as a more pragmatic environmental technology,\" said Kato at a press conference to announce the company's financial results on Thursday. \"For the time being, we will concentrate on developing PHVs. We will mainly utilize products made by original equipment manufacturers (OEM) to correspond to the markets demanding EVs. \n\n\n  \"As we have changed our plan to develop in-house EVs, investments in batteries have also become unnecessary,\" Kato added. Mitsubishi Motors had previously planned to introduce nine electrified car models, including two in-house EV models, by 2028. \n\n\n  This article is from The Yomiuri Shimbun. Dow Jones Newswires and The Wall Street Journal were not involved in the creation of this content. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 01:34 ET (05:34 GMT)\n\n\n  Copyright (c) 2025 The Yomiuri Shimbun","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}