Mitsubishi Motors Corp. President Osamu Masuko said Wednesday the automaker will develop new minivehicles, including an electric version, for the global market through its newly announced collaboration with the Renault-Nissan Alliance.

¡°We feel minisize electric vehicles will be accepted well in the market,¡± Masuko said at a news conference in Tokyo announcing MMC¡¯s midterm business plan. ¡°We¡¯d like to develop new minicars for our international strategy through the alliance.¡±

Mitsubishi Motors and the Renault-Nissan Alliance jointly announced Tuesday they will consider collaborating on new projects covering products, technologies and manufacturing capability.