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4-Traders Homepage  >  Equities  >  Tokyo  >  MITSUBISHI MOTORS CORPORATION    7211   JP3899800001

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Mitsubishi Motors : to Exhibit at Automotive Engineering Exposition 2017 Yokohama

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05/22/2017 | 02:13pm CEST

TOKYO, May 22, 2017 - (ACN Newswire) - Mitsubishi Motors Corporation (MMC) is to exhibit at the Automotive Engineering Exposition 2017 Yokohama to be held from May 24 through May 26 at the Pacifico Yokohama Exhibition Hall, Yokohama, Japan, and hosted by the Society of Automotive Engineers of Japan, Inc. (JSAE).

At the booth, MMC will exhibit a variety of technologies which include the following:

1. New driving experience with AI Personal Assistant utilizing artificial intelligence (AI) and connected car technologies

2. MMC's genuine EV Support app for Smartphone Link Display Audio system

3. Improved performance and functions of the Outlander PHEV plug-in hybrid EV (modified in February)

4. MMC's all-wheel control technology which embodies new values built on our heritage

The Outlander PHEV model will also be available at the JSAE's Ride & Drive section for visitors to take for a test drive and to enjoy the smooth, powerful and quiet driving experience unique to electric vehicles.

http://www.acnnewswire.com/topimg/Low_OutlanderPHEV.jpg

Outlander PHEV S Edition

1. AI Personal Assistant

The onboard AI Personal Assistant employs AI and connected car technologies to deeply understand the passengers and to develop with them in delivering the most appropriate kind of information to make the car trip as safe and reassuring as possible, as well as in supporting communication between the driver and family members.

AI Personal Assistant mainly offers the following functions:

1) Voice-operation

AI Personal Assistant uses the latest AI technology (speech recognition and natural language processing) to correctly understand passengers' speech and to converse with them using natural-sounding language even amid the noise generated when the car is on the move. Voiceprint identification and a camera allow it to identify individual passengers, to learn about them from their conversation and movements, and to provide services that best match their tastes and needs. AI Personal Assistant also features the hybrid speech recognition system that combines cloud speech recognition (AI-based speech recognition via cloud) and local speech recognition (AI-based speech recognition via onboard system). The local system provides speech recognition accuracy equivalent to the cloud system with a lower latency even in an environment where there is no network connection.

2) Context recognition

AI Personal Assistant uses speech recognition technology and gesture recognition technology to recognize the driver's intentions and states (actions, emotions(1), drowsiness, concentration, identification, etc.). Based on this recognition, it provides appropriate information at suitable times.

3) Connectivity with diverse device and content

AI Personal Assistant supports connectivity with various devices and contents. For example, it can connect with Pepper the personal robot by Softbank Robotics Corp. in one's living room to enable remote operation of the vehicle's air conditioning; check the vehicle's gasoline level, door lock status, etc.; and communicate with household members for a glimpse of what robots will offer in the future.

2. MMC Genuine Android Auto(2) Compatible App

The MMC booth will also feature demonstrations of its Android Auto compatible app "EV Support," which enables a driver to search for EV charging spots via in-car display. MMC is the first automaker to distribute a genuine Android Auto compatible app(3).

Other attractions include: Smart Door Bell (beta version) which connects with the home doorbell over the Internet and allows passengers to check on and communicate with visitors to their home while the vehicle is on the move; and Driving Data Recorder (beta version) which uses a compact camera to record steering angle, vehicle speed, and other vehicle information to offer a new way to enjoy car trips.

(1) The emotions of vehicles are recognized through an emotion engine developed by cocoro SB Corp. using AI technology. The emotions of passengers are recognized through ST voice and emotion recognition technology developed by AGI Corp.

(2) Android Auto is a registered trademark of Google Inc.

(3) In-house research

About Mitsubishi Motors

Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

Contact:

Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275

Copyright 2017 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials ( JPY)
Sales 2018 2 010 293 M
EBIT 2018 -
Net income 2018 68 300 M
Finance 2018 499 656 M
Yield 2018 1,78%
P/E ratio 2018 15,82
P/E ratio 2019 13,67
EV / Sales 2018 0,28x
EV / Sales 2019 0,26x
Capitalization 1 068 533 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 653  JPY
Spread / Average Target -8,9%
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Osamu Masuko President, CEO & Representative Director
Carlos Ghosn Bichara Chairman
Trevor Mann Chief Operating Officer
Masao Kuruma Chief Information Officer
Harumi Sakamoto Non-Executive Director
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