Nissan invests in electric cars, battery development

Nissan invests in electric cars, battery development

Tokyo – Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.

The Japanese automaker’s CEO, Makoto Uchida, said 15 new electric vehicles will be available by fiscal year 2030. Nissan Motor Co. aims to “electrify” the company’s model range by 50%, under what Uchida called “Nissan’s ambitious 2030” long-term plan. . Electrified vehicles include hybrid cars and other types of eco-friendly models other than electric vehicles only.

Uchida said the effort is mainly focused on electric vehicles to cut emissions and meet different customer needs. He added that Nissan will also reduce carbon emissions at its factories.

The company is struggling to put the scandal of its ex-boss Carlos Ghosn behind it. Ghosn, who led Nissan for two decades after being sent to Japan by French alliance partner Renault, was arrested in Tokyo in 2018 on various charges of financial misconduct.

ad

Uchida did not mention the scandal but referred to “mistakes of the past” that he promised would not be repeated in April.

Nissan’s “electrification” is based on the development of a new ASSB, or all solid state battery, which it labeled a “boom” for being cheaper and generating more power than the batteries in use now.

This means that electric powertrains can be used more easily in trucks, vans and other heavy vehicles because the batteries can be smaller. According to Nissan, the ASSB will be mass-produced by 2028.

Uchida said that the costs of electric cars will also be reduced thanks to battery innovation to levels similar to regular gasoline cars.

“Nissan has come out of a crisis and is ready for a new start,” he said.

All major automakers, including Japanese rival Nissan Toyota Motor Corp., are working on electric vehicles, amid growing concern about climate change and sustainability. Global consumers are also demanding more safety features.

ad

Uchida said Nissan is hiring 3,000 engineers to advance its research, including on digital technology for cars.

Nissan, which is headquartered in Yokohama, Japan, recently suffered from a computer chip shortage that has hit all automakers due to shutdowns and other measures at its chip factories to combat the coronavirus pandemic.

Infiniti luxury car and electric vehicle maker Leaf and Z sportscar expect profitability to return for the fiscal year through March 2022 after incurring two consecutive years of losses.

___

Yuri Kageyama on Twitter https://twitter.com/yurikageyama

Copyright 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.



Leave a Reply

Your email address will not be published.