May, 19 2017 15:50 JST

Source: Mitsubishi Motors

Mitsubishi Motors: China Joint-venture Reaches 5,000,000 Engines Produced


TOKYO, May, 19 2017 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announced today that cumulative engine production reached five million units at Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. (SAME), MMC's engine joint-venture in Shenyang, China.

SAME was established in August 1997 and started production in 1998. Supplying engines to Mitsubishi Motors brand as well as several Chinese automakers in the expanding auto market in China, cumulative production at the company reached three million units in 2014 and four million units in 2016.

MMC President, CEO Osamu Masuko attended the commemoration ceremony and stated: "Mitsubishi Motors is very proud of achieving this milestone, having produced five million engines, at China's leading engine supplier, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. (SAME). This represents a 25% increase from last year and demonstrates the strong growth in the passenger car segment. That gives us great confidence in the future of SAME, and Mitsubishi Motors is excited to be able to contribute to the continued development of the Chinese automotive industry."

SAME started production of the 4A9 engine in June 2009. Used to power small cars, this low displacement and lightweight unit incorporates MMC's eco-friendly MIVEC (Mitsubishi Innovative Valve Timing Electronic Control) variable valve timing mechanism. SAME sold 750,000 units of engines in 2016. SAME also have launched the production of 4K2 series as the successor to the 4G6 engine, expanding its business to support the market demands with high-quality products in timely manner.

SAME is currently focusing on strengthening its product lineup and improving environmental performance in order to meet the diversifying needs of the Chinese market as it continues to contribute to the growth and development of the Chinese auto industry.

Outline of Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd.

Headquarters: Shenyang, Liaoning province
Established: August 1997 (started production in August 1998)
Major shareholders:
China Aerospace Automotive Industry Group Co. - 30%
Mitsubishi Motors Corporation - 25%
Shenyang Jianhua Motors Engine Co., Ltd. - 21%
MCIC Holdings Sdn. Bhd. - 14.7%
Mitsubishi Corporation - 9.3%
Production lines: 4G6 engine (2.0L, 2.4L), 4A9 engine (1.3L, 1.5L, 1.6L), 4K2 engine (1.8L, 2.0L, 2.4L)
Production volume: 748,353 units (CY2016)


About Mitsubishi Motors
Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.


Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275
Source: Mitsubishi Motors
Sectors: Automotive

Copyright ©2017 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Mitsubishi Motors Delivers 635 Outlander PHEVs to Ukranian Police
May 26 2017 18:06 JST
 
Mitsubishi Motors to Exhibit at Automotive Engineering Exposition 2017 Yokohama
May 22 2017 19:38 JST
 
Mitsubishi Motors Starts Major Renovation for R&D Center in Okazaki
May 19 2017 09:22 JST
 
Mitsubishi Motors to Offer Genuine Android Auto Compatible App
May 17 2017 09:01 JST
 
Mitsubishi Motors Reports Financial Results for Fiscal Year 2016 and Issues Forecast for Fiscal 2017
May 09 2017 14:17 JST
 
Mitsubishi Motors Announces Production, Sales and Export Figures for March 2017 and for the 2016 Fiscal Year
April 27 2017 19:35 JST
 
Mitsubishi Motors Becomes Thailand's Largest Vehicle Exporter in Fiscal 2016
April 26 2017 17:59 JST
 
Mitsubishi Motors Inaugurates New Manufacturing Plant in Indonesia
April 25 2017 17:41 JST
 
Mitsubishi Motors Transfers Production of the RVR from Okazaki Plant to Mizushima Plant
April 19 2017 11:42 JST
 
Mitsubishi Motors Lineup at Auto Shanghai 2017
April 11 2017 15:56 JST
 
More Press release >>

Latest Press Release


More Latest Release >>