Mitsubishi to establish electric cars factory in VN

Prime Minister Nguyen Xuan Phuc and Osamu Masuko, the CEO of Mitsubishi Motors. Viet Nam will create favourable conditions for auto manufacturers to establish operations, as per the automobile industry development strategy. — Photo VNA

Mitsubishi Motors plans to produce electric cars using advanced technology in Viet Nam, Osamu Masuko, its CEO, said to Prime Minister Nguyen Xuan Phuc on Tuesday.

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 Viet 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 Viet Nam to set up an automobile manufacturing factory, Masuko said.

Speaking at the meeting in Ha Noi, Phuc said Viet Nam would create favourable conditions for auto manufacturers to establish and operate their business, as per the automobile industry development strategy.

Phuc said he hopes Mitsubishi Motors, already a big investor in the ASEAN and Viet 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.

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

He emphasised that the partnership between Viet 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. — VNS



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