Mitsubishi Motors has decided to withdraw from car production in China, and the company has begun final exit negotiations with GAC GROUP, according to the latest news on Sept. 27. Among them, GAC GROUP is a major Chinese carmaker with a joint venture with Mitsubishi.

Nowadays, with the rapid development of China's domestic automobile industry, the sales of many Japanese car companies in China have been greatly affected. According to statistics, Toyota's sales in China fell by 6.6% in August 2023, Honda's sales in China plummeted by 25%, and Nissan's decline further reached 28.9%.

Nowadays, with the rapid development of China's domestic automobile industry, the sales of many Japanese car companies in China have been greatly affected. According to statistics, Toyota's sales in China fell by 6.6% in August 2023, Honda's sales in China plummeted by 25%, and Nissan's decline further reached 28.9%.

It is worth mentioning that in July this year, GAC-Mitsubishi official said: GAC-Mitsubishi products affected by the market transformation, sales are far below expectations, the operation is in trouble.

In the general environment of industry change, after careful discussion between the company's management and stock Dongfang, GAC-Mitsubishi decided to officially enter the temporary shutdown stage in June.

GAC GROUP said: at present, GAC-Mitsubishi shareholders are doing their best to promote the rescue and transformation of the enterprise.

In addition, some research institutions pointed out that in the Chinese market, brands sold in the form of imported cars are facing tremendous pressure in the face of a continuous decline in fuel vehicle sales. Sales of these brands have continued to deteriorate due to the failure to quickly launch new energy models that meet market demand. Forecasts suggest that at least two Japanese brands may choose to withdraw from the Chinese market.