Mitsubishi visits Zotye – possible JV in the air

---

A delegation from Mitsubishi Heavy Industries recently visited Zotye according to insider information from within Zotye. The two were apparently eager to talk business and jointly held a seminar. The two sides exchange information about the R&D and manufacturing technologies like conventional energy-efficient and new energy vehicles, motor, powertrain system, metal mold, and testing equipment, etc. It’s not clear what the two are aiming to achieve, but Chinese media reports are indicating that they could develop a partnership to develop electric car technology, Zotye has quickly and silently become one of the leading Chinese EV producers with it outstripping BYD’s pace to get an EV into the market. Zotye’s technology relies on battery swap technology and was the first Chinese company to develop its own systems, Mitsubishi are heavily invested in EV’s and plan to make EV’s a cornerstone of its future product line up.