With major power targets, Nissan CEO has said the UK’s $ 1.4 billion EV center is “just the beginning”

With major power targets, Nissan CEO has said the UK’s $ 1.4 billion EV center is “just the beginning”

Nissan Motor unveiled the Nissan EV36Zero earlier this month – a $ 1.4 billion flagship project that will become the hub of electric vehicles. Now, company CEO Makoto Uchida has told Bloomberg that the massive EV project is “just the beginning” with the intention of making automakers move forward with the electrification of their fleet.

Uchida said his company will seek to make more investments related to EVs in other major markets without giving details of the location and timing of the aforementioned investments. The automaker is in the process of pulling itself out of the red after seeing losses for two years in a row, and with electrification, Garner expects to expect demand for its vehicles. Last year, Nissan said its flagship Ariya EV is a “new chapter” in its aggressive turnaround plan.

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(Read also | Nissan teases future EV cross to get “next-generation” long-range batteries)

Well, Ariya was definitely a new chapter, with the automaker now planning to release eight new pure EVs and sell more than a million electric and electric vehicles equipped with power trains by the year 2023. It also seems to reduce global production by 20. % Of online models already. It has also set a goal to electrify all the new models it launches in major markets in the early 2030s.

PHOTO OF THE FILE: A charging cable is attached to the Nissan Leaf electric car.
PHOTO OF THE FILE: A charging cable is attached to the Nissan Leaf electric car. (REUTERS)

Nissan first started with the world’s first-ever Leaf EV in the vehicle industry, which since 2010 has introduced a decade of experience in making EVs, which the Japanese automaker believes will surpass rivals. It is committed to its technology to improve battery life and allow old batteries to be reused in new vehicles.

(Read also | Nissan plans to produce electric vehicles in India, conducts feasibility study)

Uchida noted that there could also be strong winds on the electrification planet, one of which is a global shortage of semiconductors. The company estimates that a shortage of semiconductors will reduce its production by about 500,000 units this year. However, it intends to work out inventory levels and production schedules to recover “half and more” of lost production in the last half of the year.

(With Bloomberg tickets)

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