Nissan Unveils $18 Billion Electrification Plan, To Launch 15 EVs By 2030
Japan’s No 3 carmaker Nissan Motor Co has announced it will spend 2 trillion yen ($17.59 billion) over five years to accelerate vehicle electrification. Nissan has to its credit one of the world’s first mass market electric vehicle – The Nissan Leaf.
Unveiling a comprehensive electrification plan, Nissan said on Monday it will launch 23 electrified vehicles by 2030, including 15 electric vehicles (EVs), and wants to reduce lithium-ion battery costs by 65% within eight years. It also plans to introduce all solid-state batteries by March 2029.
Chief Executive Makoto Uchida said, “These commitments would make EVs affordable to more drivers. We will advance our effort to democratise electrification"
Nissan, has not committed to abandoning gasoline vehicles. It said on Monday half of its vehicles mix will be electrified by 2030, including EVs and its e-Power hybrids.
As it readies to compete for the growing demand for EVs, Nissan in July pledged $1.4 billion with its Chinese partner Envision AESC to build a giant battery plant in Britain that will power 100,000 vehicles a year including a new crossover model.
(Reuters)
