technology

Nissan unveils $17.6bn investment to fast-track electrification bid

Nissan unveils $17.6bn investment to fast-track electrification bid
Nissan unveils $17.6bn investment to fast-track electrification bid

Japanese carmaker, Nissan Motor Co. Ltd. has revealed that it will invest $17.6 billion over the coming five years to speed up electrification of its vehicle portfolio along with the rate of technological advancement.

Supposedly, by 2030, Nissan wants half of its international sales to be hybrid or electric vehicles.

Nissan stated that it will offer 23 electric vehicles (EVs) by 2030, featuring 15 electric vehicles, as part of its long-term strategy termed ‘Nissan Ambition 2030’. It further stated that all-solid-state batteries would be available by March 2029.

Makoto Uchida, Nissan’s CEO, stated that Nissan's involvement in addressing societal requirements is becoming particularly crucial. Nissan Ambition 2030 will usher in a new era of electrification, improve technology to decrease carbon emissions, and seek out new business prospects.

Notably, Nissan has also introduced three novel concept cars lately that deliver better experiences with the help of smart technology packaging, highlighting the next step of the company's electric future.

The designs would showcase the exhilarating possibilities the automaker aims to offer across a wide spectrum of latest advanced ecosystems and cars.

Ashwani Gupta, CEO of Nissan, stated that the firm is proud of its long history of invention and contribution in ushering in the electric vehicle revolution. With its new found aim, the carmaker will lead the way in speeding the natural move to EVs by establishing consumer pull through an appealing proposition that will drive excitement, enable adoption, and create a cleaner world.

As per the firm, all cars sold in Europe by 2030 would be hybrid or electric models, with an aim of 100% in China and 70% in North America by 2035. Nissan announced that 20 fully electric models will be released over the next five years, with the goal of electric cars accounting for 75% of sales in Europe by FY2026.

Nissan plans to raise its global battery manufacturing capacity to 52 GWh by the financial year 2026 and 130 GWh by the fiscal year 2030, in collaboration with its partners.

Source credit: https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/nissan-to-spend-usd-17-6-bn-to-speed-up-electrification-plans-50-ev-sales-by-2030/87972042

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