Nissan to spend £13.2 billion on electrification over the next five years

Japanese carmaker plans to launch 23 new electrified models including 15 new electric vehicles (EVs) and will spend £132 billion on infrastructure

By
Ian Osborne
November 29, 2021
Category:
EV Biz

Nissan Motor Corporation has unveiled Nissan Ambition 2030, the company’s new long-term vision for empowering mobility and beyond. The Japanese carmaker plans to spend two trillion yen billion (£13.2 billion/€15.6 billion/$17.6billion) over the next five years on emobility.

Nissan aims to become a truly sustainable company, driving towards a cleaner, safer and more inclusive world. With this vision, the company plans to launch  23 new electrified models, including 15 new electric vehicles (EVs), aiming for 50 percent electrification mix of its range by 2030.

Over the next ten years, Nissan will deliver electrified vehicles and technological innovations while expanding its operations globally. The vision supports Nissan’s goal to be carbon neutral across the life cycle of its products by fiscal year 2050.

Makoto Uchida, Nissan CEO, said: “The role of companies to address societal needs is increasingly heightened. With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities. We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”

Nissan will also continue to evolve its lithium-ion battery technologies and introduce cobalt-free technology to bring down the cost by 65 percent by 2028. Nissan aims to launch electric vehicles with its proprietary all-solid-state batteries (ASSB) by 2028 and ready a pilot plant in Yokohama as early as 2024.

With the introduction of this breakthrough ASSB technology, Nissan will expand its electric vehicles ranges across segments and offer improved performance. By reducing charging time to one-third, ASSBs will make electric vehicles more efficient and accessible.

Nissan expects ASSB to bring the cost of battery packs down to $75 per kWh by 2028 and aims to bring it further down to $65 per kWh to achieve cost parity between electric and combustion vehicles in the future.

The company also seeks to establish a global battery supply system to meet growing customer vehicle demand and support the growing number of electric vehicles. Working with its partners, Nissan intends to increase its global battery production capacity to 52GWh by 2026, and 130GWh by 2030.

In addition to technology upgrades, Nissan will localise manufacturing and sourcing to make electric vehicles more competitive. Nissan will expand its unique EV Hub concept, EV36Zero, which was launched in the UK to core markets including Japan, China and the US.

The fully integrated EV36Zero manufacturing and service ecosystem connecting mobility and energy management has the aim of realising carbon neutrality.

Ensuring vehicle batteries remain sustainable will continue to be a priority for Nissan based on its decade of repurposing and recycling expertise with 4R Energy. The company intends to expand its battery refurbishing facilities beyond Japan with new locations in Europe during 2022, and in the US in 2025.

Nissan’s refurbishing infrastructure will support a circular economy in energy management, and the company aims to fully commercialise its vehicle-to-everything and home battery systems in the mid-2020s.

In addition, the company will invest up to 20 billion yen (£132 billion/€156 billion/£176 billion) towards charging infrastructure by 2026.

As Nissan increases its pace of innovation in mobility, it intends to hire more than 3,000 employees in advanced research and development globally while continuing to up-skill its current workforce.

The company will also build on collaboration across the Alliance to enable cost-savings and shared expertise in areas such as carbon-neutral technologies, electrification, software and services.

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