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

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

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The automaker said it will develop a total of 23 electrified vehicles over the next eight years, 20 of which will come in the next five years alone. It is shooting for a market mix of 75 percent electrified (EV and e-power PHEV/hybrid) in Europe, 55 percent in Japan by 2030 and 40 percent in the US and China.

The other part of that mix, will likely be the internal combustion engine (ICE) vehicle. Significantly, at the beginning of 2021, Nissan had said that it electrification planned Every new car to be launched in the early 2030s. Presumably, even then, any ICE vehicles that are still available will be legacy models.

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Nissan will launch EVs with all-solid-state batteries (ASSBs) by 2028 and a pilot plant in Yokohama by early 2024. That technology promises benefits like shorter charging times, but is So far To hit the market as expected. The company wants to reduce battery pack costs to $75 per kWh by 2028 and $65 kWh down the road. That would be about half the price of EV batteries last year, according to bloomberg, By 2030, Nissan hopes to produce 130 GWh of batteries.

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The company said it plans to expand its ProPilot driver assistance technology to more than 2.5 million Nissan and Infiniti vehicles by 2026. It will include the next generation LIDAR system on “virtually every new model by fiscal year 2030”.

Nissan

As part of Ambition 2030, Nissan unveiled at least four concept cars: chill-out, surf-out, hang-out and max-out. Like most concepts, they’re meant to give a taste of Nissan’s futuristic technology, including self-driving, interior features, and just a distant design. However, Nissan has only shown Images Chill-out as in the actual vehicle, along with renders of the other three vehicles.

The chill-out (above and above) is a smaller crossover that could be an early preview of the next-generation Leaf, which Nissan will launch as the earlier confirmation One would move from a hatch to a crossover style body. It will use Aria’s CMF-EV platform and E-4ORs electric all-wheel drive system, and could arrive by 2025.

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

Meanwhile, the Surf-Out is a small electric single cab pickup with a decent-sized bed and removable canopy. It will come with a dual-motor AWD setup and a range of power outputs, offering off-road performance, utility power and extended cargo space.

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

Then there’s the Hang-Out, which is like a small camper van/SUV designed “to provide a whole new way to spend time on the move.” It has completely flat floors and movable, theater-like seats that offer “the comfort of your living room in a mobile space”—something we’ve seen with recent EV concepts. It also offers e-4orce and advanced ProPilot features.

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

Finally, the Max-Out is a concept convertible sports car that offers “excellent stability and comfort”. Body roll is limited to delivering “dynamic cornering and steering response” to optimize handling and occupant comfort. It is supposedly lightweight with a very low center of gravity, and also offers advanced e-4orce.

Nissan’s new plan comes at a time when the company is grappling with internal problems, including the arrest and subsequent flight of former CEO Carlos Ghosn. In the short term, the company plans to cut fixed costs by 300 billion yen ($2.65 billion) and reduce production capacity by 20 percent as part of this.Nissan Next“The plan unveiled last year.

Editor’s Note: This article originally appeared on Nerdshala,

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