Mitsubishi Motors has officially announced the termination of its joint venture partnership with Shenyang Aerospace Mitsubishi, signaling its complete withdrawal from the Chinese automobile production market. Previously, Mitsubishi Motors' sales had been on a steady decline due to the rapid electrification shift in the Chinese market and internal strategic realignments, leading to a deterioration in its financial health. As a result, GAC Mitsubishi has become insolvent. Amidst the vigorous growth of China's new energy vehicle market, traditional fuel vehicle joint venture brands are encountering severe challenges, with weaker joint ventures like Mitsubishi facing an even more constricted existence.