Mitsubishi Motors to tap MUFG Bank clients for EV sales in Japan

First tie-up of its kind will help smaller businesses with decarbonization

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Mitsubishi Motors is offering two minicars through the initiative: the eK X EV, left, and the Minicab-MiEV. (Photo by Kosuke Imamura)

KENYA AKAMA, SHOGO NAKATANI and JUN WATANABE, Nikkei staff writers

TOKYO -- Mitsubishi Motors will partner with MUFG Bank to sell electric vehicles in Japan, with the lender introducing small and midsize client businesses looking for a relatively affordable way to reduce their carbon footprints.

The duo will soon sign a comprehensive agreement to cooperate toward carbon neutrality. This marks MUFG Bank's first such partnership with a major automaker and the first time that a leading Japanese bank and automaker will work together on EV sales.

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