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Nissan will invest $ 17.6 billion in electric vehicle development over the next five years

Nissan will be 2 trillion yen (17.6 billion yen) over the next five years (a total of 15 new electric vehicles are expected to hit the market by 2030, with electrified vehicles accounting for half of the vehicle range at this point).

The automaker announced that it would develop a total of 23 electrified vehicles over the next eight years, 20 of them in the next five years alone. The target is a market mix of 75 percent electrification (EV and e-Power PHEV / Hybrid) in Europe, 55 percent in Japan and 40 percent in the USA and China by 2030.

The other part of that mix would presumably be internal combustion engine (ICE) vehicles. It’s worth noting that Nissan announced in early 2021 that it would electrify every new car it launched by the early 2030s. Presumably all ICE vehicles still available would then be legacy models.

Nissan will launch solid-state battery (ASSB) electric cars by 2028 and complete a pilot plant in Yokohama by 2024. This technology promises advantages such as reduced loading times, but it has still as expected to hit the market. The company also plans to cut the cost of battery packs to $ 75 per kWh by 2028 and then to 65 kWh later. According to the data, that would be about half of what EV batteries cost last year Bloomberg. Nissan plans to produce 130 GWh of batteries by 2030.

The company plans to expand its ProPilot driver assistance technology to over 2.5 million Nissan and Infiniti vehicles by 2026. It will also integrate next-generation LIDAR systems “into virtually every new model by fiscal 2030”.

Nissan is investing $ 18 billion in electric vehicle development over the next five years

Nissan

As part of Ambition 2030, Nissan also presented four concept cars: Chill-Out, Surf-Out, Hang-Out and Max-Out. Like most concepts, they’re meant to give a taste of Nissan’s future technology, including self-driving features, interiors, and just plain wacky design. However, Nissan has only shown pictures of the chill-out as a real vehicle, with renderings of the other three vehicles.

The chill-out (top and top) is a small crossover that could be an early preview of the next-gen Leaf that Nissan previously confirmed would switch from a hatch to a crossover-style body. It will use Ariya’s CMF-EV platform and electric four-wheel drive system, e-4orce, and could be launched by 2025.

Nissan is investing $ 18 billion in electric vehicle development over the next five years

Nissan

The Surf-Out, on the other hand, is a small electric single-cabin pickup with a decent bed and removable top. It would come with a dual engine AWD setup and a variety of power deliveries that offer off-road performance, net power, and expanded cargo space.

Nissan is investing $ 18 billion in electric vehicle development over the next five years

Nissan

Then there is the hang-out, which is more like a small camper / SUV that offers “a new way to spend time on the move”. It has a completely flat floor and movable, theater-like seats that offer “the comfort of your living room in a mobile space” – something we’ve seen with other current EV concepts. It also offers e-4orce and advanced ProPilot functions.

Nissan is investing $ 18 billion in electric vehicle development over the next five years

Nissan

After all, the Max-Out is a convertible concept sports car that offers “outstanding stability and comfort”. The body inclination is limited in order to provide “dynamic cornering and steering behavior” in order to optimize handling and occupant comfort. It’s supposedly lightweight with a very low center of gravity and features advanced e-4orce too.

Nissan’s new plan comes as the company grapples with internal issues, including the arrest and subsequent escape of former CEO Carlos Ghosn. In the short term, the company plans to cut fixed costs by 300 billion yen ($ 2.65 billion) and reduce production capacity by 20 percent as part of its “Nissan Next” plan announced last year.

Publisher’s Note: This article originally appeared on Engadget.

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