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Friday, 19 May 2017, 14:50 HKT/SGT
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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 a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline -- a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

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


May 19, 2017 14:50 HKT/SGT
Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
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