The Mitsubishi XPander will get a hybrid version in 2024, followed by an electrified variant of the aforementioned ICE-powered minivan. Then, as we move closer to 2025, a new hybrid two-row SUV will appear, possibly as a replacement for theAs for Battery Electric Vehicles , Mitsubishi teased four models including the fully electric pickup. Two of them will be sourced from the Alliance members – one shared with Renault and the other with Nissan.
Mitsubishi targets a sales volume of 1.1 million units and an operating profit of 220 billion yen with a 7% profit margin. The main drivers of this growth will be the ASEAN and Oceania markets, where the company will concentrate its efforts. Latin America, the Middle East, and Africa will get more ASEAN products. As for Japan, North America, Europe, and China, those regions will rely mostly on the Alliance for moving to “advanced technologies”.
On a global scale, 50% of Mitsubishi’s sales will account for electrified models by 2030, and 100% by 2035. Thus, by the same year, vehicle CO2 emissions will be reduced by 40%, and operational emissions by 50% helping the automaker move closer to a carbon-neutral future.