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Stock impact report

Mitsubishi Electric Mobility Commences Operations

MITSUBISHI ELEC UNSP/ADR (MIELY) 
NASDAQ:AMEX Investor Relations: mitsubishielectric.com/company/ir/index.html
Company Research Source: Business Wire
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation is pleased to announce the commencement of operations of its new subsidiary, Mitsubishi Electric Mobility Corporation, which was formed as part of the planned spin-off of Mitsubishi Electric’s automotive-equipment business. The name was announced on December 1, 2023.As a member of the Mitsubishi Electric Group, Mitsubishi Electric Mobility will contribute to the realization of a prosperous future mobility society through constant technological innovation.Overview of Mitsubishi Electric Mobility Corporation (as of April 1, 2024)NameMitsubishi Electric Mobility CorporationHead office7-3, Marunouchi 2-Chome, Chiyoda-ku, TokyoPresident & CEOKunihiko KagaBusinessManufacturing, sales, maintenance and repair of various electrical equipment, automotive equipment, ship machinery and equipment, transport machinery and equipment, industrial machinery and equipment, and system related to machine tool and equipmentManufacturing, sales, ma Show less Read more
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