Mitsubishi Motors Corp. said Wednesday it will spend 8.75 billion yen to take a 25 percent stake in South East (Fujian) Motor Co., a 50-50 joint venture between China's Fujian Motor Industrial Corp. and Taiwan's China Motor Corp.
The move marks Mitsubishi's fourth equity investment in mainland China after those in Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Harbin Dongan Automotive Engine Manufacturing Co. and Hunan Changfeng Motor Co.