Mitsubishi Electric Corporation has announced the start of operations of its new subsidiary, Mitsubishi Electric Mobility Corporation. The formation of this subsidiary is part of the planned spin-off of Mitsubishi Electric’s automotive-equipment business. The name of the subsidiary was revealed on December 1, 2023.
As a member of the Mitsubishi Electric Group, Mitsubishi Electric Mobility aims to contribute to the realization of a prosperous future mobility society through continuous technological innovation.
The headquarters of Mitsubishi Electric Mobility Corporation is located at 7-3, Marunouchi 2-Chome, Chiyoda-ku, Tokyo. Kunihiko Kaga serves as the President and CEO of the subsidiary.
The business scope of Mitsubishi Electric Mobility includes the manufacturing, sales, maintenance, and repair of various electrical equipment, automotive equipment, ship machinery and equipment, transport machinery and equipment, industrial machinery and equipment, and systems related to machine tools and equipment. Additionally, the subsidiary is involved in the manufacturing, sales, maintenance, and repair of equipment, systems, and services related to information processing, communication, and provision. It also deals with the production, sales, and engineering of software related to their product offerings.
Mitsubishi Electric Mobility Corporation has a paid-in capital of 10 billion yen and follows a book closing date of March 31. More information about the subsidiary can be found on their official website: [https://www.MitsubishiElectric-Mobility.com/en/]. For the full press release, please visit [www.MitsubishiElectric.com/news/].
For media inquiries, please contact the Public Relations Division of Mitsubishi Electric Corporation at [email protected]. Non-media inquiries can be directed to the Corporate Strategic Planning Unit of Mitsubishi Electric Mobility Corporation at [email protected].
Mitsubishi Electric Corporation operates in the automotive-equipment industry. This industry is highly competitive and constantly evolving, driven by consumer demand for advanced technology and sustainable transportation solutions. As an established player in the market, Mitsubishi Electric has a strong presence and a reputation for quality and innovation.
The market forecasts for the automotive industry indicate steady growth, with an increasing focus on electric vehicles (EVs) and autonomous driving technology. Governments worldwide are implementing tighter regulations and incentives to promote the adoption of EVs, leading to a surge in demand for electric cars. This presents both opportunities and challenges for companies like Mitsubishi Electric Mobility.
One key issue related to the industry is the development of EV infrastructure. As the market for electric cars expands, there is a growing need for charging stations and related infrastructure to support the widespread adoption of EVs. Mitsubishi Electric Mobility could play a crucial role in this area by providing advanced charging solutions and contributing to the development of a robust EV charging network.
Another challenge is the integration of autonomous driving technology. The industry is investing heavily in research and development to achieve fully autonomous vehicles. Mitsubishi Electric Mobility has the potential to leverage its expertise in automotive equipment to contribute to the development of safe and reliable autonomous driving systems.
To stay competitive, companies in the automotive industry need to embrace digitalization and connectivity. This includes investing in software development, data analytics, and cybersecurity to ensure the optimal performance and security of their products. Mitsubishi Electric Mobility’s involvement in the production, sales, and engineering of software related to their product offerings demonstrates their recognition of the importance of digitalization in the industry.
For further information about Mitsubishi Electric Mobility Corporation, you can visit their official website: Mitsubishi Electric Mobility. For the full press release, please visit Mitsubishi Electric’s news page: Mitsubishi Electric News.
For media inquiries, please contact the Public Relations Division of Mitsubishi Electric Corporation at [email protected]. Non-media inquiries can be directed to the Corporate Strategic Planning Unit of Mitsubishi Electric Mobility Corporation at [email protected].