TOKYO -- Mitsubishi Motors will invest more in developing electrified vehicles, such as hybrid and battery electric vehicles, and increase revenue from Southeast Asia in what remains of this decade as the momentum for green cars in developed economies starts to reach the region's auto market.
The Japanese automaker will invest as much as 2.5 trillion yen in research and development and capital expenditure by 2030, and aim to allocate 70%, or about 1.7 trillion yen ($12.4 billion), in green cars, said President and Chief Executive Takao Kato at a press briefing on Friday.
