Shanghai, March 15th, ZXZC - Thanks to the well performance of domestic Outlander, the annual total retail sales of GAC MITSUBISHI in 2016 reached 62,811 units, an increase of 11.5% compared with 2015. Against this background, the enterprise will also speed up the layout of production capacity and engine. According to previously announced news, GAC MITSUBISHI will spend 5 billion yuan on the engine and vehicle construction projects. IIA learns from GAC MITSUBISHI official that the engine construction project has passed EIA(Environment Impact Assessment), and that the annual production capacity will reach 300,000 units.

According to official news, GAC MITSUBISHI engine construction project will be settled in Changsha Economic and Technological Development Zone, and the annual output will reach 300,000 engines. In the future, all products of GAC MITSUBISHI are expected to carry the domestic engine, to further reduce the cost of the core components, thus improving cost-effective of the vehicle. In addition, the company will also enhance the production capacity of the vehicle, providing production guarantee for the launch of new domestic cars in the future.

In terms of production scale, expansion of Xingsha plant's capacity has been completed, with the existing annual production capacity of more than 130,000 units / year, laying the foundation for the production of new models.

Last year's results made GAC MITSUBISHI sales back to growth track. At the sales and service meeting, Ms. Lu Sa, chairwoman of Guangzhou MITSUBISHI, also officially announced the sales target of 2017 will exceed 100,000 units.