Nissan To Invest US$17.7 Billion On Electrification

    Nissan Moves Electrification Center Stage And Aims To Achieve Carbon Neutrality By 2050

    Nissan Ambition 2030 includes four concept cars. Pictured are Nissan’s Surf-Out concept car (right), Max-Out concept car (middle), and Hang-Out concept car. (Image Courtesy Of Nissan Motor)

    Nissan Motor Co. (Nissan) unveiled Nissan Ambition 2030, the company’s new long-term vision for empowering mobility and beyond. Responding to critical environmental, societal, and customer needs, Nissan aims to become a truly sustainable company. With this vision, Nissan wants to deliver strategic value by empowering journeys offering confident, exciting, and more integrated experiences to customers, and through collaborations, empower society to build a smart ecosystem with integrated mobility.

    Over the next 10 years, Nissan will deliver electrified vehicles and technological innovations while expanding its operations globally. The vision supports Nissan’s goal to be carbon neutral across the life cycle of its products by fiscal year 2050.

    Nissan unveiled Nissan Ambition 2030, the company’s new long-term vision for empowering mobility and beyond. Responding to critical environmental, societal, and customer needs, Nissan aims to become a truly sustainable company. (Image Courtesy Of Nissan Motor)

    “The role of companies to address societal needs is increasingly heightened,” said Nissan CEO Makoto Uchida. “With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint, and pursue new business opportunities. We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”

    Accelerating Electrified Mobility With Diverse Choices And Experiences

    Nissan is building charging infrastructure and energy management. By placing electrification at the core of the company’s long-term strategy, the company aims to accelerate the electrification of its vehicle lineup and rate of technology innovation with investments of US$17.7 billion over the next five years.

    Based on customer demands for a diverse range of exciting vehicles, Nissan will introduce 23 new electric vehicles (EVs), including 15 new EVs by fiscal year 2030 aiming for an electrification mix of more than 50% globally across the Nissan and Infiniti brands.

    With the introduction of 20 new EV and e-POWER equipped models in the next five years, Nissan intends to increase its electrification sales mix across major markets by fiscal year 2026, including:

    • Europe by more than 75% of sales
    • Japan by more than 55% of sales
    • China by more than 40% of sales
    • The United States by 40% of EV sales in fiscal year 2030

    “We are proud of our long track record of innovation, and of our role in delivering the EV revolution,” said Nissan COO Ashwani Gupta. “With our new ambition, we continue to accelerate the natural shift to EVs by creating customer pull through an attractive proposition by driving excitement, enabling adoption, and creating a cleaner world.”

    Representing the next stage of Nissan’s electrified future, the company also unveiled four new concept cars. The concept cars include the Nissan Max-Out sports car, the Nissan Surf-Out truck, the Nissan Chill-Out SUV, and the Nissan Hang-Out van.

    Increasing Accessibility And Innovation In Mobility

    Nissan’s ambition is to support greater access to safe and exciting mobility. To make progress, Nissan will continue to evolve its lithium-ion battery technologies and introduce cobalt-free technology to bring down the cost by 65% by fiscal year 2028.

    Nissan aims to launch EV with its proprietary all-solid-state batteries (ASSB) by fiscal year 2028 and ready a pilot plant in Yokohama as early as fiscal year 2024. With the introduction of breakthrough ASSB, Nissan will be able to expand its EV offerings across segments and offer more dynamic performance. By reducing charging time to one-third, ASSBs will make EVs more efficient and accessible. Further, Nissan expects ASSB to bring the cost of battery packs down to US$75 /kWh by fiscal year 2028 and aims to bring it further down to US$65 /kWh to achieve cost parity between EV and gasoline vehicles in the future.

    Nissan seeks to establish a global battery supply system to meet growing customer vehicle demand and support the growing number of EVs in use. Working with its partners, Nissan intends to increase its global battery production capacity to 52 GWh by fiscal year 2026, and 130 GWh by fiscal year 2030.

    Through Nissan Ambition 2030, the company also seeks to extend the benefits of mobility by delivering its advanced driver-assistance and intelligence technologies to more customers. These combined efforts will likewise support Nissan’s continued efforts to establish new mobility services and partnerships.

    Nissan aims to expand ProPILOT technology to more than 2.5 million Nissan and Infiniti vehicles by fiscal year 2026. The company will also further develop its autonomous vehicle technologies, aiming to incorporate next generation LIDAR systems on virtually every new model by fiscal year 2030.

    To meet the varying transportation needs of different countries, Nissan will collaborate with the most suitable partners to realize new mobility services for more efficient mobility in cities, as well as more sustainable mobility in rural areas.

    Global Ecosystem For Mobility And Beyond

    In addition to technology upgrades, Nissan will localize manufacturing and sourcing to make EVs more competitive. Nissan will expand its unique EV Hub concept, EV36Zero, which was launched in the United Kingdom to core markets including Japan, China, and the United States. EV36Zero is a fully integrated manufacturing and service ecosystem connecting mobility and energy management with the aim of realizing carbon neutrality.

    Nissan Ambition 2030 Drivetrain Concept (Image Courtesy Of Nissan Motor)

    Ensuring vehicle batteries remain sustainable will be a priority for Nissan based on its decade of repurposing and recycling expertise with 4R Energy. The company intends to expand its battery refurbishing facilities beyond Japan with new locations in Europe during fiscal year 2022, and in the United States in fiscal year 2025. Nissan’s refurbishing infrastructure will support a circular economy in energy management, and the company aims to fully commercialize its vehicle-to-everything and home battery systems in the mid-2020s. In addition, the company will invest up to US$176 million by 2026 toward charging infrastructure.

    As Nissan increases its pace of innovation in mobility, it intends to hire more than 3000 employees in advanced research and development globally while continuing to upskill its current workforce. The company will also build on collaboration across the Alliance to enable cost-savings and shared expertise in areas such as carbon-neutral technologies, electrification, software, and services.

    Beyond the Nissan NEXT transformation plan, the company will sustain its business over the long-term, with a consolidated operating profit margin above 5%.