Mitsubishi CCSE 10.04.10

Mitsubishi Motors EV Commitment

To: San Diego EV Workshop

San Diego, CA, October 4, 2010

Delivered By: John Nakamoto, Manager Bus. Development / MMNA

Corporate Communication

Drive @ earthBy Combing satisfying performance with environmental responsibility, Mitsubishi Motors aims for a perfect symbiosis between people, society, the Earth and cars.By constantly examining what the market demands of cars, it strives to respond to all expectations of any given time.Mitsubishi Motors is firmly committed to providing customers and society with driving pleasure, reassuring safety, and environmental friendliness.

“MMC Group Environmental Vision 2020:”

Improvement of gasoline & diesel engine fuel economy

Increase total productionratio of EV /PHEV to 20%

Reduce CO2emissions by

50%

[Compared to 2005 weighted avg. of all vehicles sold globally]

[Compared to 2005 per-factory output]

Vehicle-produced CO2

Factory-Produced CO2

All factories around the globeBy introduction of high efficientequipment & renewable energy

Reduce CO2emissions by

20%

i-MiEV

Pronounced “EYE-meev”

Heritage and fact

For over forty years, Mitsubishi Motors has been promoting electric vehicles development. The i-MiEV is the culmination of our dedication and efforts.

MINICA EVMINI CAB EV

500,000km of tests on public roads worldwideBefore official launch of i-MiEV.

Over 2,500 i-MiEVs operating in real world.i-MiEV stands on “ Proven Technology ”

The Is the Integration of MMC’s Advanced Technologies

Mitsubishi Motors’ EV Heritage

MMC revealed the new-generation EV i-MiEV in June 2009 and began delivery of the vehicle in July.

At Mitsubishi Motors, we viewed lithium-ion drive batteries as the core technology to create a practical EV; and worked early on to develop them.

Lead-acid battery Lithium-ion battery

Public and private sectors start to work together in R&D of

EVs

Zero-emission vehicle bill submitted in the U.S.

To a low-carbon society

Libero EV FTO EV

Response to air pollutionResponse to global warming

1970 1980 1990 2000 2010Response to oil dependency

Minica EVMinicab EV

Muskie Act U.S. ZEV Law Kyoto Protocolbecomes operative

Vehicle Specifications

10MY DOM JPN

Overall Length x Width x Height 3395 x 1475 x 1610 mm(133” X 58” X 63”)

Track (Ft/Rr) 1310/1270(52” / 50”)

Curb Weight 1090 kg (2376 lbs.)

Seating Capacity 4

Max. Speed 130 km/h (84 mph)

Cruising Distance with a Single Charge

160 km (100 miles)(JPN 10・15 mode)

Motor

Type Permanent magnet synchronous

Max. Output 47 kW (63 hp)

Max. Torque 180 N・m (133 ft-lbs.)

Drive System Rear wheel drive

Battery

Type Lithium-ion

Total Voltage 330 V

Total Energy 16 kWh

Japan Market Vehicle Specification

0Zero

While driving i MiEV CO2 emission is

•As i-MiEV doesn’t mount gasoline combustion engine, while driving car there is no emission of greenhouse gases (CO2) which influences to global warming.

•i-MiEV reduces the effects on the environment.

EcologicalThe i-MiEV is a Zero-emission Vehicle. (Even when taking into account CO2 emissions at the power plants , it emits approximately 30% of a gasoline vehicle.)

“i-MiEV” Product Feature

90%

i-MiEV

Colt 1.1L

g-CO2/km (MMC research)

CO2 emissions per kilometer (well to wheel analysis)

France

Germany

UK

52%

41%

Packaging

Battery packs are located underneath the floor and charger, inverter and motor installed at the rear of the car to accommodate four seats for adults Sufficient cargo space in the Japanese K car configuration.

ChargerInverter

Lithium-ion Battery

Motor

Lithium-ion Battery

High capacity battery module (max.16kWh) installed under the floor panel. Batteries contain 88 cells encased in stainless steel protective capsule

Cell

ModuleBattery Package

Three-way Charging System

Power supply Charging time

Householdcharger

220V (15A) 6 hours (Full) 110V (15A) 12 hours (Full)

Quick charger

Three-phase 200V, 50kW

Approx. 30 min. (80%)

110/220V Connector

Quickcharger Connector

JARI Quick charger standard (TEPCO std. )

Vehicle（Sending）

Quick Charger（Receiver）

3phaseAC200V（50kw)

Charging Condition

ＤＣ0-500V0-125Avariable

Signal for charging permission

Direction for CurrentInformation of battery

ECU

MainBattery

All Japanese car manufacturer are adopting the JARI std.

Three-way Charging System

Recent fast charge activity in California – 22 minutes to achieve 80%

Establishment of Battery Manufacturing Company

December 2007, GS Yuasa, Mitsubishi Corporation, and Mitsubishi Motors Corporation established a Battery Manufacturing Company

“LITHIUM ENERGY JAPAN”.

Establishment of Battery Manufacturing Company

Test car for Kyushu Electric Power Co., Inc.

Intermountain road

Quality Standards test

Tests below are being conducted to prepare for “real world” U.S. conditions.

MMC EV activity in Japan

Vision for EV Town

Connect to Grid

EV connects to grid and creates new value

Smart meter

ＥＶ

ＨＥＭＳ

Solar panel

electrictelecommunication

V2F(Vehicle to Factory)

V2C（Vehicle to Community)

V2G（Vehicle to Grid）

V2H(Vehicle to

House)

Future life with EV

Vehicle integrated to living room Charging during lunch (no gas station)

Personalized energy source No gas smell at open cafeteria

MiEV HOUSE Tokyo Motor Show Display

Infrastructure

Expansion of Charging Infrastructure

Expansion of Charging Infrastructure

Shopping Centers(ex.: Aeon Lake Town)

Public Parking Lots(ex.: Park 24)

Public Parking Areas(ex.: Kanagawa Prefecture)

Home With a 200V Outlet(ex.: Crevia Court Kitayamada/Itochu Property Development,

Ltd.)

Convenience Stores(ex.: LAWSON)

●MMC works to popularize and standardize charging infrastructure as a member of the “Quick-charger Infrastructure Promotion Association” (tentative name).

●MMC plans to outfit all of its sales outlets with quick-chargers within CY 2010.*１ Information regarding MMC’s and other quick-charger information can be found on the EV portal site http://www.ev-life.com/.

Mitsubishi Motors’ Initiatives

Highway Parking Areas(ex.: Daikoku Futo PA) Gas Stations

(ex.: Showa Shell Sekiyu K.K.) Homes With “Car Studios”(ex.: Mitsubishi Estate Home Co., Ltd.)

Necessity of Quick Charger

Before Installation

After InstallationAfter the installation, and public awareness

fostered, the driving radius expanded

Quick charger alleviates “Range Anxiety”

MMC Worldwide launch Plan

Launching strategy to the World

2009FY 2010FY 2011FY

Japan

Overseas

1,400 units

For Consumers

Right-hand drive (U.K., Hong Kong, etc.)

Europe (including LHD market)

For PSA Peugeot Citroen

July, 2009

Fall in 2010

Sales Plan:4-5,000 units

Sales Plan : about 1,000 units

No. America

To US Market

Joint Promotion

Current Status• Pilot Program using “Production Intended” Prototype Vehicles

• Some vehicles were tested with Southern California Edison, and Pacific Gas and Electric.

• Vehicles are currently being tested by Best Buy/Geek Squad.

CA-LEV ZEV States Forecast & EV purchase Incentive

MD

DE

DC

MA

OR

RINJ

NH

ME

PA

WV

NC

SC

GA

FL

OH

MI

INIL

WI

IA

MO

LA

NM

CO

SDID

CA

WA

TN

VT

MS

MT ND

NV

AZ

UT

WY

NE

KS

OK

TX

AR

MN

AL

KY VA

NY

CT

AK

HI Federal (5) Possible New (7) CA LEV to be (4)

Cross Border (23)

CA LEV current (11)

EV purchase incentive available

Federal Government = $7,500 tax rebate + State incentive available.

31

Reminder-Conclusion

Key Factors for business plan

-Infrastructure – developmental incentives for chargers

-Development of the “Smart Grid”

-Strict Gas Emission Requirements

-Purchase Incentive availability for the consumer long term