Mitsubishi Electric Mobility Corporation

Mitsubishi Electric Mobility Corporation and AISIN CORPORATION signed a business partnership agreement to develop electric drive modules for next-generation xEVs, terminating earlier plans for a joint venture. Development is scheduled to commence promptly, with product launch targeted for the second half of the 2020s.

Mitsubishi Electric, Mitsubishi Electric Mobility and AISIN reached a basic agreement to establish a joint venture to develop, produce and sell traction motors, power converters and control software for next-generation electric vehicles.