Nissan to drive world’s largest EV market with $9.5bn investment


Jun Seki, head of Nissan’s China business, has announced a joint venture with its local partner Dongfeng Group to achieve 30% of auto sales to be electrics by 2022.

Nissan Motor will invest 60 billion yuan ($9.52 billion) in China and introduce over 20 electric car models into the world’s largest market over the next four years.

The investment will be injected into manufacturing efforts, research and development, and environmental measures, with significant focus being placed on electric vehicles. The new model vehicles will include upgraded safety features that employ cameras, sensors and information technology.

Nissan eventually aims to boost total Chinese volume sales – including gasoline-powered models – by 70% from 2017 levels, to 2.6 million vehicles.

The goals of the joint venture include:

• Introduce a total of over 40 models, half of which will be electric vehicles that include those driven by Nissan’s “e-power” power train, which uses a gasoline engine to generate electricity for the drive motor.

• By 2019, a total of six models will be introduced under the brands of Nissan, Dongfeng Motor’s Venucia and Dongfeng Motor Group.

• Increase the ratio of electric vehicles under the Infiniti luxury brand ed to 25% by 2025 and 100% by 2025.

Nissan’s Leaf expanding territory

In related news, Nissan just introduced the brand-new, second-generation Leaf, forming the basis for the brand’s expansion into electric car territory. It has published its electric vehicle road map and revealed how Infiniti will tackle electrification through the production of several new models in the near future. One model is rumoured to be the Leaf-based cross-over, loosely previewed by the IMx concept at last year’s Tokyo Auto Show.

Starting in 2021, every new Infiniti model will be either electric or hybrid.