Mitsubishi


2024-08-22

[News] Rapidus Reportedly Pursues JPY 100 Billion in Bank Financing for Mass Production

As per a report from Kyodo News on August 21st, that the Japan-based chip manufacturer Rapidus is expected to begin mass production of 2nm chips by 2027. To secure the necessary funds for semiconductor production, Rapidus is reportedly seeking JPY 100 billion in financing from banks. Reportedly, ...

2023-12-13

[Insights] GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as the company adjusts to the shifting market focus towards electric vehicles (EVs). Notably, this marks the first instance of job cuts in the 25-year collaboration...

2023-10-25

[News] Mitsubishi Motors Pulls Out of China Production Amid Sluggish Sales

In response to persistently low sales and failure to meet production targets, Japanese automaker Mitsubishi Motors has announced its exit from local car production in China. The company has also revealed plans to invest up to 200 million euros in Renault's EV venture, Ampere. Mitsubishi Motors ma...

2023-10-05

[News] Mitsubishi Motors Ceases Car Production in China, Possible Takeover by GAC Aion

As reported by Nikkei Chinese, Mitsubishi Motors from Japan has made the decision to halt car manufacturing operations in China. This move comes as Mitsubishi Motors engages in final discussions with its local joint venture partner, Guangzhou Automobile Group (GAC Motor). In China, Mitsubishi Mot...

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