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Motor1
Motor1
Business
Jared Rosenholtz

Mitsubishi Says It Can't Afford To Build Its Own EVs

Mitsubishi EV Honda Nissan

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:

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