However, this vision was derailed by a worldwide deceleration in EV appetite, which was further hastened by US President Donald Trump rolling back EV incentives.
Despite the fierce criticism and direct appeals for his dismissal, Mibe successfully maintained his leadership role.
Shareholders ultimately approved all 11 board nominees during the summit.
Moving forward, the manufacturer is shifting its focus to hybrid vehicles, targeting the worldwide launch of 15 new models by the 2029 financial year.
[Copyright The Jiji Press, Ltd.]
