Nissan to invest ¥2 trillion over 5 years to accelerate EV development
![](https://japannews.yomiuri.co.jp/wp-content/uploads/992c2b1e4e9c7185d111a1f9616e08f9.jpg)
Nissan Motor Co.’s new electric Ariya SUV
November 29, 2021
Nissan Motor Co. announced Monday its long-term vision to introduce 15 new electric vehicles by fiscal 2030, including EVs equipped with lightweight next-generation all-solid-state batteries.
To accelerate the electrification of its vehicles, the company plans to invest about ¥2 trillion over the next five years.
Nissan said it aimed to “achieve cost parity between EVs and gasoline vehicles in the future.” Along with the commercialization of all-solid-state batteries, the company will also work to reduce the cost of lithium-ion batteries. It aims to establish technology that does not use cobalt, the supply of which is limited, in batteries and reduce the cost by 65% by fiscal 2028.
The roughly ¥2 trillion fund will be invested mainly in the development of batteries and vehicles, including Nissan’s original hybrid technology. To expand the development of advanced technologies, including automated driving, the company intends to hire more than 3,000 engineers.
Nissan has also raised its target sales ratio for electrified vehicles across major markets. By fiscal 2026, it aims for the ratio to be more than 55% for Japan, more than 75% for Europe and more than 40% for China. In the United States, the company aims for EV sales alone to account for 40% of total sales by fiscal 2030.
Nissan President and Chief Executive Officer Makoto Uchida announced the plans online and said the company wanted to expand the possibilities for mobility and society by positioning electrification and intelligence, such as automated driving, as its pillars.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING