|Bid||518.00 x 0|
|Ask||519.00 x 0|
|Day's Range||517.00 - 556.00|
|52 Week Range||253.00 - 638.00|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||7.87|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||N/A|
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(Bloomberg) -- Mitsubishi Motors Corp. shares have rallied 84% this year, outperforming all Asian peers, spurred by a demand revival for small cars and pickups in Southeast Asia. Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageEnergy Trading Stressed by Margin Calls of $1.5 TrillionIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeUkraine Latest: US Says Russia Seeks Munitions From North KoreaCalifornia Skirts Blackouts With Heat Wave to Test Grid A
Mitsubishi Motors Corp plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025, the country's chief economics minister said on Tuesday. Airlangga Hartarto in a statement said the Japanese company had invested 11.3 trillion rupiah up to 2021 and was planning to expand its production in the Southeast Asian country. The statement quoted Mitsubishi Motors CEO Takao Kato as saying the company planned to produce hybrid electric vehicles and battery electric vehicles in Indonesia.
Japan's Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. The two Japanese automakers, part of an alliance with French carmaker Renault SA, were once considered trailblazers in Japan's EV market but have struggled to attract customers and face challenges from fast-growing newcomers such as Tesla. "I'm confident that (the new vehicles) representing the alliance will be a game changer for electric vehicles in Japan," Nissan Chief Executive Officer Makoto Uchida said at an unveiling of the new models in the western Japan city of Kurashiki.