Now, one Japanese automaker is backing out of China altogether. Mitsubishi "has started final withdrawal talks with China's Guangzhou Automobile Group", its joint venture partner in China, according to Nikkei. The company has been suffering from "sluggish sales", the report says, noting that other Japanese automakers are also reassessing their viability in the Asian country. 

GAC Mitsubishi Motors has shuttered its manufacturing operations in Hunan province indefinitely, marking the end of Mitsubishi's sole factory in China. GAC, which holds a 50% share in the joint venture, plans to repurpose the Hunan facility for electric vehicle (EV) production while aiming to retain some level of its workforce, the report says.