Company says aims to cut prices but gives no time frame
* Mitsubishi Motors shares outperform broader auto sector (Adds company comment, share prices)
(Reuters) - Mitsubishi Motors Corp (7211.T) aims to cut the price of its electric vehicles to 2 million yen ($21,890) by fiscal 2012 -- down 30 percent -- to capitalise on the growing popularity of hybrids in that price range, the Nikkei business daily reported.
Mass production of lithium ion batteries, the most expensive component in an electric vehicle, will lower costs sharply, the Nikkei said.
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