Hoping to turn his company around with new car introductions in both Japan and the U.S., President of Mitsu Motors, Osamu Masuko, announced at a shareholders' meeting last week that the company will be mass producing an electric car based on the new i mini-car by 2010. The electric vehicle will be powered by a lithium-ion battery and feature an in-wheel motor system where the motors are attached directly to the wheels. With hybrids all the rage and fuel cell technology receiving the bulk of R&D dollars, it seems odd that Mitsubishi would focus its dwindling resources on electric vehicles.
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