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GAC Mitsubishi Motors, a three way partnership between Japan’s Mitsubishi Motors and Chinese language producer GAC Group, suspended manufacturing at its manufacturing unit within the central metropolis of Changsha in June amid falling gross sales, native media outlet Yicai reported on Thursday. The corporate will lay off an undisclosed variety of salaried workers, in keeping with an inside memo despatched on Wednesday and seen by Yicai. The memo provides that the corporate will now “take an opportunity” to observe the transition in the direction of inexperienced vitality autos. GAC’s electrical car unit Aion will take over and renovate the Changsha manufacturing unit to make battery automobiles, Caixin reported. Gross sales of the three way partnership greater than halved to three,969 items for the primary three months of this yr. The JV has 4 passenger car fashions on sale, together with an all-electric SUV launched final March. [Yicai, in Chinese]
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