ICYMI: Nissan announced a plan to catch up with competitors who have gone big on electric vehicles. The Japanese carmaker said it will launch 15 EVs by 2030 and plans to shift to higher-tech solid-state batteries by March 2029
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Nissan said on Monday it will launch 23 electrified vehicles by 2030, including 15 electric vehicles , and wants to reduce lithium-ion battery costs by 65% within eight years. It also plans to introduce potentially game-changing all solid-state batteries by March 2029."We will advance our effort to democratise electrification," he said in an online presentation.
Shares of Nissan slid 5.6% on Monday, underperforming its major rivals and compared to the benchmark Japan index'sSome analysts were unimpressed with Nissan's plan, noting it was already behind its rivals in electrification. Masayuki Otani, senior analyst at Securities Japan Ltd, also said auto shares were falling on Monday because of concerns the new coronavirus variant would squeeze production.
"Nissan's long term vision comes at a time when the market is perhaps not receptive to it. It can be said that it represents a huge increase in investment, it feels cautious," he said.A view of a Nissan Ariya EV car on display at Nissan Gallery in Yokohama, Japan November 29, 2021.
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