Paid-in capital totals $68m

Mitsubishi Electric Corporation has announced the name of its new automotive equipment subsidiary, Mitsubishi Electric Mobility Corporation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It has been formed as part of the planned spinoff of Mitsubishi Electric’s automotive-equipment business. The name had been undetermined at the time of the announcement.

Mitsubishi Electric Mobility Corporation will focus on the manufacturing, maintenance, repair and sales of other machinery and equipment and electrical and electronic components.

According to Mitsubishi, paid-in capital totals 10 billion yen ($68 million).

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now