Mitsubishi to establish electric cars factory in Vietnam

Mitsubishi Motors plans to produce electric cars using advanced technology in Việt Nam, Osamu Masuko, its CEO, said to Prime Minister Nguyễn Xuân Phúc on Tuesday.

Prime Minister Nguyễn Xuân Phúc and Osamu Masuko, the CEO of Mitsubishi Motors. Việt Nam will create favourable conditions for auto manufacturers to establish operations, as per the automobile industry development strategy. – Photo VNA

Masuko said the car would be suitable for the Vietnamese market as its goal was efficient use of energy and environment protection.

The group wants to make more investments and expand in Việt Nam, which has a population of more than 90 million people, an attractive investment environment, and is part of the ASEAN.

The Nissan-Mitsubishi alliance is scouting for a location in Việt Nam to set up an automobile manufacturing factory, Masuko said.

Speaking at the meeting in Hà Nội, Phúc said Việt Nam would create favourable conditions for auto manufacturers to establish and operate their business, as per the automobile industry development strategy.

Phúc said he hopes Mitsubishi Motors, already a big investor in the ASEAN and Việt Nam, would make more investments in the country and introduce highly competitive products such as the electric car so that both locals and the company gain from it and it meets the country’s demand for environment protection.

Việt Nam expects automakers, including Mitsubishi Motors, to invest in modern manufacturing technologies, the PM said.

He emphasised that the partnership between Việt Nam and Japan is important to both nations, and that Mitsubishi Motors’ investment is seen as progress concretised by the agreements signed between the two countries.

Source VNA



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