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. and MC Automobile (Europe) N.V. regarding fleet testing of the electric cars 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.
Mitsubishi Motors Corporation (TSE: 7211) was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses.
The company also operates consumer financing services and provides this to its customer base. For more information, please visit