The Principality of Monaco is best known for Formula One cars screaming through the streets every spring and a harbor full of mega-dollar yachts filled with the beautiful people. When those people head ashore, there's a good chance they will be motoring in something very fast and very expensive. This week, however, instead of high-powered race cars, the area around the Prince's palace was silent as four new cars were delivered by Mitsubishi. Prince Albert II was on hand as officials from the automaker turned over the battery-powered i-MiEVs for a test program. The i-MiEVs will be used by the local post office, electric utility, parking services and the Prince Albert II foundation. The goal is to promote low emissions transportation on the sunny Riviera.

[Source: Mitsubishi]

PRESS RELEASE:

Mitsubishi Motors Corporation and Mitsubishi Corporation Deliver 4 i-MiEV Electric Vehicles to the Principality of Monaco

November 26th, 2009- Mitsubishi Motors Corporation (MMC) and Mitsubishi Corporation (MC) jointly delivered 4 units of the new-generation electric vehicle (EV) i-MiEV to the Principality of Monaco on November 25th.A number of related parties including His Serene Highness Prince Albert II were present at the delivery ceremony held at The Prince's Palace.

The Principality of Monaco, proactively seeking ways to combat environmental issues and to replace domestic transportation with low-CO2-emitting electric vehicles, signed a Memorandum of Understanding (MoU) with Mitsubishi Motors Corporation, Mitsubishi Motors Europe B.V. *1 and MC Automobile (Europe) N.V. *2 regarding fleet testing of the EVs on March 26, 2009 in Monaco. According to the terms of the MoU, the i-MiEVs, which delivery mainly to corporate customers in Japan began in July, were delivered to the Principality of Monaco.

The i-MiEVs are being leased via MCE Bank GmbH, a subsidiary of MC. According to the terms of the MoU, the Principality of Monaco plans to promote electric vehicles through the use of the i-MiEVs at its local community service organizations, including the post office, public parking services, the Monegasque electricity company (SMEG) and the Prince Albert II of Monaco Foundation.

The new-generation EV i-MiEV was launched in Japan in July 2009. Looking to move towards full-fledged global distribution in 2010, MMC is currently involved in global testing and promotional activities in New Zealand, the United States and across Europe.

*1 Mitsubishi Motors Europe B.V.: the European division of MMC
*2 MC Automobile Europe: a 100% subsidiary of MC


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