Nissan Accelerates Global EV: In a bold move, Nissan Motor (7201.T) is gearing up to take its China-developed electric vehicles (EVs) worldwide. Teaming up with a leading Chinese university, the automaker aims to leverage local resources for swift research and development in the electrification space.
Masashi Matsuyama, Vice President of Nissan Motor and President of Nissan China, spilled the beans, hinting at exporting their current and upcoming EV lineup, including internal combustion engine vehicles and plug-in hybrids from China to international markets. The goal? To go head-to-head with Chinese rivals like BYD.
Nissan joins the ranks of Tesla (TSLA.O), BMW (BMWG.DE), and Ford (F.N), eyeing China’s cost advantages and ramping up their global exports of China-manufactured cars to optimize production facilities.
Also Read: US Auto Safety Regulator Probes Engine Issues in Nearly 455,000 Nissan Vehicles
Nissan sells slightly over a fifth of its global automobiles in China, 2.8 million in the first ten months of this year. Local brands are competing with Nissan as the world’s largest auto market shifts to electric vehicles.
To supercharge their EV ambitions, Nissan is set to establish a joint research center with China’s esteemed Tsinghua University next year. The focus? Comprehensive research and development of EVs, covering aspects like charging infrastructure and battery recycling. Makoto Uchida, Nissan’s President and Chief Executive, expressed optimism, stating, “We hope that this collaboration will help us gain a deeper understanding of the Chinese market and develop strategies that better meet the needs of customers in China.”
This move expands Nissan’s existing research efforts with Tsinghua since 2016, initially concentrating on intelligent mobility and autonomous driving technology. As Nissan steps on the accelerator for an electric future, this collaboration positions them to tap into the dynamism of China’s evolving automotive landscape. Get ready for a global EV showdown!
Our Reader’s Queries
What is Nissan’s EV strategy?
Nissan has set an ambitious target of electrifying 55% of its vehicle lineup by fiscal 2030. To achieve this, the company plans to launch 27 new electrified models, including EVs, by the same year. In addition, Nissan will streamline its new car development process to prepare for a significant investment in its electrification drive. With this move, Nissan is taking a big step towards a more sustainable future.
What is the fastest accelerating EV in the world?
The Mythen electric racecar has achieved a remarkable feat by breaking the world record for the fastest acceleration of an electric car on September 1, 2023. The vehicle managed to go from zero to 100 km/h in just 0.956 seconds, covering a distance of 12.3 meters. The car was designed and developed by a team of talented students and alumni from ETH Zurich and HSLU at AMZ Racing. This achievement is a testament to the team’s hard work and dedication towards creating a cutting-edge electric racecar that can compete with the best in the world.
What is Nissan further accelerates electrification strategy?
Nissan is set to cater to the increasing demand for electrified vehicles by introducing 27 new models, including 19 electric vehicles, by fiscal year 2030. This move is aimed at providing customers with a wider range of exciting and diverse options to choose from. With a focus on sustainability and innovation, Nissan is committed to meeting the evolving needs of its customers. By expanding its range of electrified vehicles, Nissan is taking a step towards a greener future.
What is the Nissan Ambition 2030 plan?
Nissan’s “Ambition 2030” strategy is all about delivering electrifying vehicles and innovative technologies that enhance customer experiences. The plan outlines Nissan’s long-term goals and investment strategy for battery development and the widespread adoption of electric vehicles (EVs). With this ambitious plan, Nissan aims to empower customers and revolutionize the automotive industry.