After rebalancing its accounts and regaining some profitability, Nissan announced on Monday that it was going to deploy a vast investment plan to advance battery technology and accelerate the electrification of its vehicles.
The CEO of the company Makoto Uchida recently outlined the company’s goals for the next ten years in regards to the electrification of its line of products.
Indeed, Nissan, like other manufacturers, is undergoing a time of transformation as a result of the electrification of the transportation sector. The Leaf is the company’s sole electric vehicle at the moment, and the Ariya, a huge electric SUV, will be released in the coming months.
Nonetheless, the company’s ultimate objective is to speed this shift for a variety of reasons. The company wants to maintain its position despite the fact that certain manufacturers are grabbing the lead.
CEO Makoto Uchida describes Nissan’s future business strategy as being built on three pillars. The first is on the climate issue, which he believes is “inevitable.” The second focuses on the social aspects and societal difficulties associated with automobiles. The last pillar concerns consumer knowledge of these developments.
Nissan has made the decision to fundamentally alter its vision of the vehicle, whether in terms of technology or in terms of its attitude to the industry. The electrification component of the Ambition 2030 strategy has already begun, and investments have been made.
Since 2010, the company has already spent 8.8 billion dollars in order to prepare for this significant shift. During the next five years, the company intends to spend an extra 17.6 billion dollars, all for the same goal as before.
Makoto Uchida explained that he wants Nissan to be a part of creating a “cleaner, safer, and more inclusive world.” Nissan will continue to place a strong emphasis on these areas as the basis for its investment decisions.
The company plans to introduce 23 new models, including 15 electric cars. Nissan intends to lower the cost of its electric cars, with the goal of having them account for 40% of its total sales within five years. By 2030, the carmaker wants to sell 50 percent of its vehicles as electric vehicles.
Nissan also intends to enhance the manufacture of batteries and cells in its own plants in order to accomplish its goals in this area. In 2026, the firm predicts that battery manufacturing would reach 52 GWh per year, and 130 GWh per year by 2030. Nissan has a number of capacity growth plans involving batteries, and this is only one of them. As a result, the Japanese company has stated that it will embark on a project that has the potential to be revolutionary in the future.
By 2028, Nissan plans to deliver its first solid-state battery, which will be manufactured in the company’s Yokohama pilot facility, which will be operational by 2024. Construction will begin early next year, with the first prototypes expected to roll off the production lines in 2024 or later.
Solid-state batteries will have double the energy density of lithium-ion batteries. Uchida indicates that they will be able to charge in a third less time.
Nissan’s desire to make the solid-state battery more widely available is motivated by economic considerations. The Japanese brand elicits a cost of $65 per kWh, which is less than half of the current cost.
Nissan will spend a total of one billion euros over the next five years on this one initiative. Assuming all goes according to plan, mass manufacture of these batteries will begin in 2028.
Aside from that, Nissan will make investments in more environmentally-friendly batteries, which will operate on the idea of reconditioning. As a result, the firm intends to establish manufacturing facilities in Europe, Japan, and the United States for this purpose.
Numerous research and experiments have lately shown that the minerals used in batteries have retained their high energy density. To be able to properly reuse its batteries across several generations, Nissan is on the lookout for solutions like these.
In the end, Nissan’s infrastructure is where the company hopes to make a positive difference. The company hopes to minimize harmful emissions from its plants by 40 percent, in part by implementing hydrogen energy generators at its facilities.