Chery and Mitsubishi will establish a joint venture company with 50% each

Tencent Motors was exclusively informed that Chery and Mitsubishi will invest 50:50 to set up factories. Mitsubishi Motors Co., Ltd., the head of the Mitsubishi Motors Corporation, and senior leaders of Chery held a meeting recently to discuss the joint venture.

Both parties agreed to establish a new joint venture in China to carry out the production and sales of Mitsubishi's most powerful SUV and Chery's branded cars.

The new joint venture plans to spend two years investing and is expected to start production in 2012.

Mitsubishi Motors Sales (China) Co., Ltd. executives claimed that its SUV products have always been Mitsubishi's strengths. We are developing on four-wheel drive chassis technology. The Honda CRV is developed on the chassis technology of our cars. Our More dynamic; Second, we have a larger body and more space in the vehicle, making drivers and occupants more comfortable. However, consider Changfeng Automotive's in-house capacity planning for the production of Chrysler's joint venture products. There is not enough capacity available for the production of new SUVs. One of the first batch of Mitsubishi's first senior managers to be sent to China to familiarize themselves with the market, Tanabe Sangyu said that Mitsubishi is also reviewing how to develop in China. It is believed that this possible cooperation will speed up the process of localization of Mitsubishi Motors.

Located in Wuhu, Anhui, Chery is one of the most successful automobile manufacturers in China. Chery now owns independent R&D capabilities, independent intellectual property rights, and core technologies for complete vehicles, engines, transmissions, and some key components. It has an annual output of 450,000 complete vehicles, 450,000 engines, and 400,000 sets of transmissions. Ability, Chery, Ruiqi, Wei Lin, Kai Rui four sub-brands and their QQ series, A series, Qiyun, Tiggo, Oriental Son, M series, X series and other 15 series of vehicles and its supporting engine, transmission With its key components and parts, it has more than 30 reserve models and more than 20 engines of the world's advanced level, basically fulfilling the goal of “developing a generation, producing a generation, and storing a generation”. Recently, Chery Automobile Dalian's production base project with an annual production capacity of 200,000 yuan has officially started construction. This move is an inevitable measure for Chery to break through the bottleneck of current production capacity and expand market share at home and abroad.

Mitsubishi Motors Corporation is a member of Mitsubishi Corporation in Japan. In 1970 Mitsubishi Heavy Industries Co., Ltd. and Chrysler Corporation of the United States jointly established Mitsubishi Motors Industrial Co., Ltd. Mitsubishi produces limousine, hibiscus, mirage, Minica, Blue Jays, and Lancers.

Mitsubishi Corporation is headquartered in Tokyo, Japan has 10 production plants, two sedan research centers and a truck, bus research center, there are 25 foreign production plants. Japan's first diesel passenger vehicle Fuso BD46 was produced. The main products are miniature cars and trucks, small cars and trucks, medium- and heavy-duty trucks, vans, passenger cars, sport cars, engines and other parts.

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