[News] Mitsubishi Motors Ceases Car Production in China, Possible Takeover by GAC Aion

As reported by Nikkei Chinese, Mitsubishi Motors from Japan has made the decision to halt car manufacturing operations in China. This move comes as Mitsubishi Motors engages in final discussions with its local joint venture partner, Guangzhou Automobile Group (GAC Motor).

In China, Mitsubishi Motors has been struggling with reduced sales due to the growing popularity of electric vehicles (EVs) and the increasing appeal of local brands. This strategic shift might have wider implications for other Japanese automakers. What lies ahead for the production facility originally situated in Changsha, Hunan?

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