Mitsubishi Leaves China and Other Troubled Car Makers
by Brian Wang from NextBigFuture.com on (#6D3AR)
The Japan Times reports, Mitsubishi Motors has suspended its China business indefinitely and will lay off staff after years of poor sales in a market rapidly turning to electric vehicles. China is at about 35% EV today and will head to 50% EV in 2024 and 70% EV in 2025. Car makers without EVs or ...