Japanese automaker Mitsubishi has made a shocking admission, stating that it cannot afford to build its own electric vehicles (EVs) from scratch. The company's decision to shift its focus away from in-house EV production comes amid a significant decline in global sales and an increasingly competitive market. Mitsubishi's announcement raises questions about its long-term viability as an independent automaker, particularly in the face of growing pressure from major players like Tesla and Volkswagen, which are heavily investing in EV technology. As the industry continues to shift towards electrification, Mitsubishi's reliance on partnerships and collaborations to meet its EV needs may be its only lifeline.
Mitsubishi Says It Can't Afford To Build Its Own EVs Motor1.com
