Suddenly, a joint venture car production line will officially withdraw from China!

In the 80s, there was a car company that was particularly beautiful, this Japanese car company even surpassed Toyota, and it can be seen in many Hong Kong films or movies starring Jackie Chan, but now it is about to withdraw from the mainland, and this car company is Mitsubishi.

Mitsubishi Motors reported the suspension of production as early as last year, but at this time, Mitsubishi officials said that it was only affected by the supply chain and would resume work and production as soon as possible. Discerning people can see that Mitsubishi Motors no longer has hot-selling models, and dealers have withdrawn from the network in a large area, even in the magic capital Shanghai, it is difficult to see Mitsubishi Motors again. This also shows that Mitsubishi Motors not only cannot sell fuel vehicles in China, but also fails in its electrification transformation. Since March this year, the Mitsubishi Motors plant has never been put into operation, and although China's Mitsubishi officially said that it has no intention of withdrawing from China, whether it is in Japan or from the information released by GAC, Mitsubishi Motors has actually ended in China.

GAC Mitsubishi was founded 11 years ago and had a glorious time, with monthly sales exceeding 12,000 units in 2018. At that time, Mitsubishi Outlander became a sought-after product, not only did not have discounts, but also needed to arrange futures, but since 2018, Mitsubishi Motors' sales began to decline rapidly, and last year's 2022 year-on-year sales were only about 40%, and even 40,000 were not exceeded.

Immediately afterwards, Mitsubishi Motors' financial situation deteriorated rapidly, and its debt ratio almost reached 100% by the end of 2020.

In fact, with Mitsubishi's reputation in China, if electrification does not arrive so early, Mitsubishi Motors may still have room to turn around. After all, Mitsubishi's chassis, engine, and gearbox are particularly strong, but I didn't expect that the wave of electric vehicles falling from the sky quickly slapped Mitsubishi on the beach. Mitsubishi Motors did not think about saving itself, bringing Outlander to the market in the form of oil to electricity, wanting to take advantage of the wave of electrification to turn over again, but did not expect that Chinese consumers did not recognize it at all. Not only Mitsubishi Motors' oil to electricity, as strong as BMW, Mercedes-Benz's oil to electricity has not had good results.

With the failure of electric vehicles, Mitsubishi Motors' sales fell further, and in the first half of this year, in the state of a sharp liquidation, Mitsubishi's total domestic sales did not even break through 12,000 vehicles, and the avalanche of sales made Mitsubishi's few dealers quickly withdraw from the network. You can try to use the map that comes with your mobile phone to check how many Mitsubishi dealers are in the country.

The wave of electrification makes this traditional structure of fuel vehicle companies quite uncomfortable. Of course, not only Mitsubishi is very uncomfortable, in fact, many third-tier car companies joint venture brands, independent brands have one is extremely uncomfortable. In the future, a number of car companies will be eliminated, such as do you remember Haima Automobile, Southeast Auto, Peugeot and Infiniti Auto? Their sales are also not optimistic.