Tokyo: Mitsubishi Motors Corp.'s electric vehicle is twice as expensive as popular hybrid cars by rivals Toyota and Honda, but Japan's No. 4 automaker said the i-MiEV will help it survive increasingly intense global competition.
"With the electric vehicle, we will challenge global players," said Mitsubishi president Osamu Masuko at a news conference. The company unveiled the i-MiEV at its headquarters in Tokyo.
The i-MiEV is powered solely by electricity, and can be recharged from a regular home socket. The four-seater vehicle can run up to 160 kilometres (100 miles) after charging seven hours at 200 volts.
Image: The new Mitsubishi i-MiEV car is displayed during the Melbourne International Motor Show 2009 at the Melbourne Exhibition and Convention Centre in Australia on February 27.
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