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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Motors Corporation    7211   JP3899800001

MITSUBISHI MOTORS CORPORATION

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Mitsubishi Motors : OUTLANDER PHEV Debuts in Thailand to Offer a New Environmentally-Friendly Option

12/01/2020 | 03:25am EST

Tokyo, December 1, 2020 - MITSUBISHI MOTORS CORPORATION (MMC) launched its flagship plug-in hybrid SUV, the OUTLANDER PHEV at the 37th Thailand International Motor Expo 20201 and started taking orders. Following the launch in Indonesia and the Philippines, Thailand is the third country in the ASEAN region to introduce the model.

'As announced in the new Environmental Plan, we aim to raise the proportion of electric vehicles to 50 percent in the total sales by 2030 to contribute to the development of a sustainable society,' said Takao Kato, chief executive officer of MMC. 'The introduction of the OUTLANDER PHEV in Thailand aligns with our initiative to promote an electrified future. It marks a key milestone for electromobility to the customers in Thailand who are seeking for an environmentally-friendly solution.'

The OUTLANDER PHEV is an embodiment of MITSUBISHI MOTORS' expertise in electrification, SUV and all-wheel control technologies. The twin-motor 4WD combined with S-AWC (Super All Wheel Control) system delivers a quiet, smooth yet powerful acceleration unique to electric vehicles, enabling anyone to enjoy handling with peace of mind. With global cumulative sales volume reaching more than 260,000 units2 since the launch in 2013, the OUTLANDER PHEV is the world's best-selling PHEV3 and has been Europe's best-selling PHEV for five consecutive years (2015-2019)4. With this success, MMC expands the global PHEV lineup with the addition of the new ECLIPSE CROSS which will be launched in Japan in early December.

Mitsubishi Motors (Thailand) Co., Ltd. (MMTh), MMC's local producer and distributor, will also showcase the DENDO DRIVE HOUSE (DDH) at the event. DDH is a packaged system comprising the EV/PHEV, a bi-directional charger, solar panels and home battery, and is designed for home use. The customer can charge their EV/PHEV at home using solar generated power and can conversely supply electricity back to their home, allowing them to save electricity costs and secure emergency power supply.

MMTh signed the Memorandum of Understanding (MoU) with Electricity Generating Authority of Thailand (EGAT) in October to collaborate on the development, testing and data collection of energy conversion from Vehicle to X (V2X)5 by using the OUTLANDER PHEV. MMTh and EGAT will work together to study the V2X business in Thailand.

1. December 1 is VIP and press preview day, December 2 is the opening ceremony and Grand Charity Day, and the show is open to the public from December 3 to 13. For precaution measures against COVID-19, please see the official website at the following link (in Thai):

2. As of October 2020

3. Source: MITSUBISHI MOTORS' internal sales data from January 2013 to September 2020

4. Source: MITSUBISHI MOTORS' internal sales data from January 2015 to December 2019

5. A general term encompassing Vehicle to Home (V2H) and Vehicle to Grid (V2G), among others

About MITSUBISHI MOTORS

MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles.
Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its 'Drive your Ambition' tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

Disclaimer

Mitsubishi Motors Corporation published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 08:24:03 UTC


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Financials
Sales 2021 1 482 B 14 285 M 14 285 M
Net income 2021 -297 339 M -2 866 M -2 866 M
Net Debt 2021 41 453 M 400 M 400 M
P/E ratio 2021 -1,15x
Yield 2021 -
Capitalization 350 B 3 374 M 3 371 M
EV / Sales 2021 0,26x
EV / Sales 2022 0,24x
Nbr of Employees 32 171
Free-Float 44,3%
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Mitsubishi Motors Corporation Technical Analysis Chart | 7211 | JP3899800001 | MarketScreener
Technical analysis trends MITSUBISHI MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 210,36 JPY
Last Close Price 235,00 JPY
Spread / Highest target 36,2%
Spread / Average Target -10,5%
Spread / Lowest Target -44,7%
EPS Revisions
Managers and Directors
NameTitle
Takao Kato Chief Executive Officer & Director
Osamu Masuko Chairman & Representative Executive Officer
Koji Ikeya CFO, Executive VP, Head-Finance & Accounting
Masao Kuruma Chief Information Officer & Executive Officer
Shunichi Miyanaga Outside Director
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