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Nissan wants to control electric vehicles with a $ 18bn budget

Nissan has announced a ¥ 2tn ($ 17.7bn) electric car plan to “establish democracy” with battery-powered cars and ensure its control over global and new car manufacturers such as Tesla.

By launching the long-running Nissan Ambition 2030, the Japanese automaker has stopped predicting the end of its in-vehicle design – an announcement some experts think could be imminent.

But the company set itself the target of selling 75 per cent of electric vehicles for sale in Europe by 2026 and 40 per cent of sales in the US by 2030.

The Nissan system includes the installation of 23 “electric” cars by 2030, 15 of which are electric. The rest can be mixed or it can fall under Nissan’s “e-power” brand of cars that are powered by battery but are also powered by a gasoline engine.

Previous announcements included a $ 1.4bn cash in UK which will help transform Nissan Sunderland operations into an electric car manufacturing facility.

Nissan CEO Makoto Uchida said the move came at the end of a series of challenges the company faced in recent years, profit stability and significant changes in the automotive market.

“Nissan is out of trouble and ready to start again,” Uchida said.

Nissan shares fell 4.5 percent on Monday, making it one of the top three car manufacturers in Japan. The company is also recovering from a shameful including former boss Carlos Ghosn, which Uchida did not name.

The carmaker’s aspirations also include betting on the performance of its fixed battery technology. ASSBs provide a large amount of power and quantity of power – a measure of the amount of energy that can be released from a battery. Car manufacturers and investors recognize their low cost, high performance and greater security, but ASSBs cannot still be offered reliably in the major market.

In addition to building the ASSB armaments factory within the next three years, Nissan plans to offer expertise in the electric motor vehicle market by the end of the fiscal year ending March 2029.

Other car manufacturers, including the powerful Toyota Home Nissan, are also involved a very competitive race for a very strong battery, technically flexible.

Meanwhile, said Utida, Nissan will keep the chip away from existing lithium-ion battery costs, which predicted could be reduced by 65 percent within the next eight years.

Nissan’s ambitions for electric vehicles have continued to outperform its competitors in Japan, which continue to pursue other technologies such as. hydrogen and fat cells.

Under Ghosn, Nissan pushed into the automotive electronics market a decade ago and established its first Leaf brand. US and European competitors including Volkswagen, Ford and General Motors have developed electric cars with an eye on. the growing global demand.

But not all have turned these plans into clear climate contracts. At the UN COP26 summit in Glasgow this month, only 11 car manufacturers signed the declaration commitment to eliminating oil-burning vehicles by 2040. Nissan, along with Toyota, Honda and BMW were not signatories.

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