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It does not take second automotive Accessories announcement in four months signaling that Japans Mitsubishi Electric aims to try out a greater role as a possible electronics supplier for the Chinese car industry. The corporation, a considerable maker of electrical and electronic components and equipment, announced in March that it was establishing a brand new Chinese unit, Mitsubishi Electric Automotive (China).

The jv with QiMing announced this month enables Mitsubishi Electric it to build its automotive business, specifically in China, where it expects requirement for in-car multimedia equipment to gain as economic prosperity increases

QiMing It Co holds 51 pc from the three way partnership, while Mitsubishi Electric could have a 33 pc stake. Mitsubishi Electric (China) may have a ten pc holding and Koshida Corp will own 6 pc.

In March, Mitsubishi Electric Automotive (China) said the establishment of subsidiary in Changshu, Jiangsu Province, would help it grow automotive equipment sales from the worlds biggest car market.

Chinese people unit, which is most likely to begin operations in April the coming year, should help Mitsubishi Electric boost automotive sales to 50 billion yen 1 year by 2016, the ocmpany said.

Mitsubishi Electric Automotive (China) will manufacture and then sell electrical energy steering equipment, automotive multimedia products and also other automotive equipment in China, with a workforce of 500 employees into position by March 2016.

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