Nissan Motor Co NSANY is gearing up for a complete electric transformation in Europe. Amid discussions in various nations about discontinuing internal combustion engines, Nissan solidifies its roadmap to have all its new European models electric and aims for a fully electric vehicle (EV) lineup by 2030.
Highlighting its capabilities in the U.K. for vehicle design, engineering, and manufacturing, Nissan's decision further bolsters its push toward carbon neutrality.
The company's strengths in electrification and crossovers play a pivotal role in this transformation. "EV is the ultimate mobility solution. More than a million customers have already joined our journey and experienced the fun of a Nissan electric vehicle, and there is no turning back now," said Makoto Uchida, Nissan President and CEO.
Nissan continues its investment program in its European Design and R&D teams.
Today, Nissan unveiled the 'Concept 20-23', a sporty, urban EV concept celebrating the 20th anniversary of the studio opening in Paddington, London.
An investment program of more than €40 million is ongoing across both sites, Nissan Design Europe (NDE) and Nissan Technical Centre Europe (NTCE).
On a global scale, under the Nissan Ambition 2030 initiative, the company aims to launch 27 electrified vehicles, including 19 EVs, by 2030. This includes an all-solid-state battery (ASSB) technology.
Nissan anticipates this ASSB technology will reduce EV battery costs to $75 per kWh by 2028, with a target of $65 per kWh in the long run, striving for cost parity between EVs and gasoline vehicles.
Two upcoming EVs are already on the horizon for Europe, with one succeeding Nissan Micra.
Additionally, another EV will be produced at Nissan's U.K. plant in Sunderland, a key component of the £1 billion EV36Zero project.
Of all Nissan EVs sold globally, Europe accounts for a third.
Today EVs represent 16% of Nissan's total sales in Europe, part of a total electrified sales mix of 50%, which in the coming three years is expected to rise to 98%.
Also Read: Renault Eyes Spring 2024 IPO For EV Unit Ampere
Price Action: NSANY shares are trading lower by 0.05% at $9.27 on the last check Monday.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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