Nissan to invest $17.6 billion in EV development over the next five years

Nissan to invest $17.6 billion in EV development over the next five years

access_time2021-11-30 10:30:32


Nissan will invest 2 trillion yen ($17.6 billion) over the next five years developing new EVs and battery technology as part of a grand plan it calls "Ambition 2030," the company announced . It aims to release 15 new EVs total by 2030, with electrified vehicles making up half its vehicle lineup at that point. 

The automaker said it will develop 23 electrified vehicles in total over the next eight years, with 20 of those coming in the next five years alone. It's shooting for a market mix of 75 percent electrified (EV and e-Power PHEV/hybrids) in Europe, 55 percent in Japan and 40 percent in the US and China by 2030. 

The other part of that mix, would presumably be internal combustion engine (ICE) vehicles. It's worth noting that in early 2021, Nissan said that it planned to electrify  every all-new car it launches by the early 2030s. Presumably, then, any ICE vehicles still available would be legacy models. 

Nissan will launch EVs with all-solid-state batteries (ASSB) by 2028 and ready a pilot plant in Yokohama as early as 2024, it said. That technology promises benefits like reduced charging times, but has yet  to arrive to market as expected. The company also wants to bring the cost of battery packs down to $75 per kWh by 2028 with a reduction to $65 kWh further down the road. That would be about half of what EV batteries cost last year, according to Bloomberg . By 2030, Nissan hopes to be producing 130 GWh of batteries.

The company said it plans to expand its ProPilot driver assistance technology to over 2.5 million Nissan and Infiniti vehicles by 2026. It will also incorporate next-generation LIDAR systems "on virtually every new model by fiscal year 2030."

Nissan will invest 2 trillion yen ($17.6 billion) over the next five years developing new EVs and battery technology as part of a grand plan it calls "Ambition 2030," the company announced . It aims to release 15 new EVs total by 2030, with electrified vehicles making up half its vehicle lineup at that point. 


The automaker said it will develop 23 electrified vehicles in total over the next eight years, with 20 of those coming in the next five years alone. It's shooting for a market mix of 75 percent electrified (EV and e-Power PHEV/hybrids) in Europe, 55 percent in Japan and 40 percent in the US and China by 2030. 

The other part of that mix, would presumably be internal combustion engine (ICE) vehicles. It's worth noting that in early 2021, Nissan said that it planned to electrify  every all-new car it launches by the early 2030s. Presumably, then, any ICE vehicles still available would be legacy models. 

Nissan will launch EVs with all-solid-state batteries (ASSB) by 2028 and ready a pilot plant in Yokohama as early as 2024, it said. That technology promises benefits like reduced charging times, but has yet  to arrive to market as expected. The company also wants to bring the cost of battery packs down to $75 per kWh by 2028 with a reduction to $65 kWh further down the road. That would be about half of what EV batteries cost last year, according to Bloomberg . By 2030, Nissan hopes to be producing 130 GWh of batteries.

The company said it plans to expand its ProPilot driver assistance technology to over 2.5 million Nissan and Infiniti vehicles by 2026. It will also incorporate next-generation LIDAR systems "on virtually every new model by fiscal year 2030."

Nissan to invest $18 billion in EV development over the next five years

As part of Ambition 2030, Nissan also unveiled no less than four concept cars: the Chill-Out, Surf-Out, Hang-Out and Max-Out. Like most concepts, they're meant to give a taste of Nissan's future technology including self-driving, interior features and just far-out designs. However, Nissan has only shown images  of the Chill-Out as a real vehicle, with renders of the other three vehicles.

The Chill-Out (top and above) is a smallish crossover that could be an early preview of the next-generation Leaf, which Nissan previously confirmed  would move from a hatch to a crossover style body. It will use the Ariya's CMF-EV platform and e-4orce electric all-wheel drive system, and could arrive by 2025. 

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