According to industrial and commercial information,GAC Mitsubishi Motors Co., Ltd. officially changed its name to Hunan Zhixiang Automobile Management Co., Ltd.At the same time, Mitsubishi Motors Corporation and Mitsubishi Corporation withdrew from the ranks of shareholders. After the change, the company's business scope has added new energy vehicle sales, mechanical parts sales, etc. It is controlled by Guangzhou Automobile Group Co., Ltd. with a registered capital of 1.947 billion yuan.
According to previous reports, on October 24 last year, GAC Group issued the "Announcement on Related Transactions Regarding the Reorganization of GAC Mitsubishi", announcing that GAC Mitsubishi would become a wholly-owned subsidiary of GAC Reorganization Group, and the factory production capacity would be taken over by Aian, which meant that Mitsubishi Motors lost its bid to China.
GAC Mitsubishi Auto Sales Company will be jointly held by GAC Group, Mitsubishi Motors and Mitsubishi Corporation, and will continue to provide spare parts and after-sales services to GAC Mitsubishi car owners. This restructuring avoids the dissolution and liquidation of GAC Mitsubishi.
In fact, it is a pity that Mitsubishi Motors has reached the current situation. As early as more than ten years ago, Mitsubishi Motors was still a mainstream brand in the domestic market.
And domestic car companies that have just started, including Great Wall, Changan, Brilliance, BAIC, Chery and other car companies,Mitsubishi 4G6 series engines and related supporting technologies are widely purchased. It is not an exaggeration to say that Mitsubishi Motors is the "godfather of domestically produced cars".
However, as Mitsubishi Motors lags behind in China's automotive business and lags in electrification transformation, Mitsubishi Motors has now been pushed to the margins in the Chinese market. With sales continuing to be sluggish, Mitsubishi Motors' withdrawal from the Chinese market has become inevitable.