Gasgoo.com (Shanghai November 27) - Mitsubishi's largest production center worldwide will be established in China within the next three years, the Chongqing Economic Times reported today, citing a statement made by Guangqi Mitsubishi Board Chairman and General Manager Chen Dazhu.
Mr. Chen added that in five years that Guangqi Mitsubishi will become the country's largest SUV manufacturer. In addition to the ASX (pictured above), the joint venture will produce the Pajero Sport (pictured below) next year. The JV also plans to expand its dealership network to include 130 outlets in 2013.
Guangqi Mitsubishi was formed as the result of an agreement between GAC Group, Mitsubishi Motors and Mitsubishi Corporation, which respectively own 50 percent, 33 percent and 17 percent stakes in the JV. The partnership is scheduled to last 30 years, with its registered capital recorded to be 1.7 billion yuan ($270.18m).
