Mitsubishi Motors to end production in China, Auto News, ET Auto

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“Local production of Mitsubishi brand vehicles in China will be terminated,” the company said in a statement released Tuesday.

Japan’s Mitsubishi Motors will end production in China, the company said Tuesday, after failing to keep pace with the local market’s rapid shift to electric vehicles.

The automaker said its sales had slumped and it would restructure its joint venture with Guangzhou Automobile Group, recording a 24.3 billion yen ($162…

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