Nissan Plans 20 Electric Models For China By 2022 - <b>Technical Lobby</b>

Monday, February 5, 2018

Nissan Plans 20 Electric Models For China By 2022

BEIJING: Nissan and a Chinese partner announced plans today to develop 20 electric vehicles as part of a USD 10 billion, five-year investment program, adding to efforts by global automakers to create commercially competitive electrics for the biggest auto market.

Nissan Motor Co.'s venture with state-owned Dongfeng Group will start sales this year of Nissan's all-electric Leaf and two other electric models, said Jun Seki, president of their joint venture, Dongfeng Motor Ltd. He said three "affordable EV" compacts will be launched next year.

The appeal of electrics in China still depends heavily on subsidies but Beijing is pushing automakers to develop the technology. Automakers face quotas that require electrics to make up at least 10 percent of their sales starting next year.
Nissan Plans 20 Electric Models For China By 2022

Overall, Chinese sales of sedans, SUVs and minivans rose 1.4 per cent last year over 2016 to 24.7 million units. Total sales of pure-electric and gasoline-electric hybrids rose 53.3 per cent to 777,000 units but accounted for just 2.7 percent of the market.


By 2020, the partners have set an annual sales target of 360,000 electric or hybrid vehicles, or some 30 percent of the total, Seki told reporters. He said last year's total sales were 21,000 units.

China is an important factor in Nissan's goal to increase its annual global revenue from 12.8 trillion yen ($116 billion) to 16.5 trillion yen ($150 billion) by 2022, according to Seki.
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