Mitsubishi CEO says it can't afford a massive investment in EVs.
It will collaborate rather than build from the ground up.
Foxconn is building another EV for Mitsubishi.
Developing a new vehicle from the ground up costs a lot of money, money that Mitsubishi does not have. That's evident by looking at the company’s latest model, the Eclipse Sportback, which is essentially a rebadged version of the Nissan Leaf electric vehicle.
Mitsubishi's CEO was open about why the company isn't going all-in on developing new EVs during the company’s shareholder meeting on June 18. As originally reported by Automotive News, Takao Kato said:
