Nissan "Over 50% of Sales to Be Electric Vehicles by 2030"... 21 Trillion Won Investment Over Next 5 Years

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Nissan Motor announced on the 29th that by 2030, more than half of its global vehicle sales will consist of electric vehicles (EVs) and hybrid vehicles (HVs), which are powered by electricity.

Nissan explained that it will launch 23 electrified vehicles, including 15 EV models, to achieve this goal.

Nissan stated, "By 2026, the regional sales ratio of electrified vehicles will be over 75% in Europe, over 55% in Japan, and over 40% in China."

For the U.S. market, the company set a target for EVs to account for more than 40% of sales by 2030.

They also revealed a large-scale investment plan.

Nissan will invest approximately 2 trillion yen (about 21 trillion won) over the next five years to accelerate vehicle electrification and technological innovation.

In particular, the plan includes launching EVs equipped with next-generation solid-state batteries (ASSB) by 2028.

According to NHK, Makoto Uchida, President and CEO of Nissan Motor, said at an online press conference held that day, "The time has come to shift into the future gear," adding, "We want to provide value based on our strengths in electrification technology and automation technology."

The Nihon Keizai Shimbun forecasted that Nissan's investment will focus on electrification and will compete against the U.S. company Tesla, which is leading in this field.

This content was produced with the assistance of AI translation services.