Is Mitsubishi a Joint Venture Car?
3 Answers
GAC Mitsubishi is a joint venture car. Company Profile of GAC Mitsubishi: GAC Mitsubishi Motors Co., Ltd. is a Sino-foreign joint venture jointly operated by Guangzhou Automobile Group Co., Ltd., Mitsubishi Motors Corporation, and Mitsubishi Corporation, with a cooperation period of 30 years. Among them, Guangzhou Automobile Group Co., Ltd. holds 50% of the equity, Mitsubishi Motors Corporation holds 30%, and Mitsubishi Corporation holds 20%. Business Scope of GAC Mitsubishi: GAC Mitsubishi is mainly engaged in the research and development, production, and sales of automobiles and automobile parts, as well as providing corresponding after-sales service, consultation, and technical services.
As a veteran Mitsubishi owner with over a decade of experience, I still keep the customs documents for my previous pure-import models like the Pajero and Galant. In recent years, Mitsubishi has clearly shifted towards localization - popular SUVs like the Outlander and ASX now bear 'GAC Mitsubishi' badges on their rear, and engine compartment components come from suppliers in Ningbo and Jiangsu. However, it's worth noting that performance models like the EVO remain fully imported, so buyers should carefully check the customs paperwork. Currently, about 80% of new Mitsubishis on the road are joint-venture vehicles, following a similar path to Toyota and Honda.
Just helped my cousin pick out a Mitsubishi Eclipse Cross, did thorough research. Mitsubishi and GAC have been in a joint venture for over a decade now, with GAC Mitsubishi's factory located in Changsha, Hunan, featuring particularly modern production lines. But to be clear, not all models are joint venture productions—take the Pajero Sport overseas version, for example, which is imported from Thailand. The advantages of joint ventures are obvious: prices are 30% cheaper than imports, and parts are easier to find—just wait two days to replace a bumper. The other day at the 4S store, the salesperson mentioned the Outlander's localization rate exceeds 90%, even the ECU is domestically produced, which was quite surprising.
