The Japanese manufacturer will build on a solid drum technology developed internally, and whose French ally Renault could benefit.
by
It took three years, almost day day, after the triggering of the Ghosn case, in November 2018. Three years after the biggest scandal in Nissan’s history, which cost him tens of billions of ‘Euros and years of delay in his walk forward, so that the Japanese constructor of Renault finds a perspective.
This new impetus is called ambition 2030. It is essentially a modernization plan – digitization and especially electrification – without precise detail on a possible industrial reorganization (especially under the framework of the ‘Alliance with Renault and Japanese Mitsubishi), nor on new financial goals of growth and profitability.
The Director General of Nissan, Makoto Uchida, announced, on Monday, November 29, which he would invest 2 000 billion yen (15.6 billion euros) in a major electrification plan and digital modernization leading to the marketing by 2030 of 23 new electric vehicles (hybrid and 100% electric), and even 20 within five years, including 15 100% electric cars.
Engine cost
The Yokohama group aims at an electrification of 50% of its global sales at the end of the decade – respectively 75% in Europe, 55% in Japan, 40% in China and the United States. Between 2010 and 2021, the amounts devoted by the Nippon manufacturer to these electrical and digital subjects amounted to 1 000 billion yen. Renault’s ally (which is the first shareholder of Nissan, with 43% of the capital) doubles his investment while he finally seems out of the financial rut.
On November 9, the Nippon manufacturer announced solid results for its second fiscal quarter (from July to September 2021), despite the shortages that affect the automotive sector, and tripled its profit forecast for its current fiscal year (2021 -2022) at 1.4 billion euros, returning with the profits after two years in the red. It’s good news for Renault. Nissan’s performance over the past quarter has already resulted in a positive contribution estimated at 157 million euros in the net profit of French. Nissan reiterated its profitability objectives on Monday, from 2% today to more than 5% in 2024.
To ensure its electrification, Nissan will inner internally develop a so-called “solid” battery, which will be cheaper and more efficient than liquid electrolyte lithium-ion batteries currently used. This solid Nissan battery should be mass produced by 2028, said Ashwani Gupta, the Group’s operations director, and a first pilot production site should be operational in three years. With this technology, the manufacturer expects a drop in the cost of the batteries to reach 66 euros from the kilowatt hour in 2028, then 57 euros (no target date mentioned), which would, according to Nissan, reach the parity with the cost. a thermal engine.
You have 39.85% of this article to read. The rest is reserved for subscribers.