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...Nissan last month announced £2bn of spending on new models and a battery factory, while BMW has pledged £600mn to build electric Minis at its Oxford plant....
...Under the plan, Nissan will launch 30 models over the next three years, about half of which will be electric vehicles, plug-in hybrid cars and other electrified versions....
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent as the Japanese carmaker turns to new partnerships and manufacturing methods to counter the rising threat from Chinese...
...Nissan and Honda, which each sell about 4mn vehicles a year globally, hope to bring down costs by pooling their resources....
...Honda and Nissan will explore a partnership in electric vehicles in a deal bringing together Japan’s second- and third-largest carmakers to take on Tesla and emerging Chinese players....
...But that leaves ample room for growth for lower-priced Chinese vehicles. Chinese EV exports have been up eight-fold globally over the past three years....
...Vehicle sales in China declined 35.5 per cent from the previous year....
...The EU aims to have at least 30mn electric vehicles on the roads by 2030, up from about 3mn last year. Nissan will benefit from having a large production base in the region....
...More than a third of all UK vehicles made last year were hybrid or electric models, marking a record high. Nissan makes the electric Leaf, while BMW manufactures an electric Mini....
...Nissan is also exploring making its existing petrol vehicles at the Sunderland factory alongside the new electric models, said manufacturing head Alan Johnson....
...Honda and Nissan will work together on electric vehicle technology in a deal bringing together Japan’s second- and third-largest carmakers as they try to survive the upheaval brought by the influx of China...
...“We don’t want to end up saying this vehicle program is really good with the IRA, only to have the IRA go away, and now suddenly, the vehicle can’t make money.”...
...Earlier on Friday, Nissan and Honda announced plans to partner on an electric vehicle in an effort to survive intensifying competition in the sector....
...Friday’s announcement will be the latest fillip to the UK car industry as it embarks on the transition from petrol and diesel cars to electric vehicles....
...Ministers have pledged hundreds of millions of pounds of state support to international carmakers in recent years for an array of projects, including a battery gigafactory for JLR and new electric models from Nissan...
...On Wednesday the UAW launched a campaign to organise US plants operated by BMW, Honda, Hyundai, Lucid, Mazda, Mercedes, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen and Volvo....
...In April 2023, the US Treasury announced that certain foreign-brand electric vehicles assembled in the US — Audi, BMW, Hyundai, Nissan, Rivian, Volkswagen and Volvo — would no longer qualify for even partial...
...Japan’s Nissan has finalised a long-delayed deal to rebalance its alliance with Renault, committing to invest up to €600mn in the French carmaker’s new electric vehicle division....
...The boss of Nissan has warned that the world “needs to move on” from engine-driven vehicles, in a rebuke to the UK’s decision to delay a phaseout of petrol and diesel car sales....
...In the UK, resale values for the Nissan Leaf and Renault Zoe — both older models — fell by a quarter, while the Porsche Taycan fell 21 per cent and the BMW i4 dropped 18 per cent....
...Analysts say, however, the challenges Nissan faces in the world’s largest car market go far deeper than the changes caused by the shift to electric vehicles....
...Nissan plans to have 19 EVs on sale by the end of the decade and will sell its hybrid models in countries that “do not have the sufficient infrastructure” for charging electric-only vehicles....
...Envision, which is Chinese, owns the AESC business that makes batteries for Nissan in Sunderland and will supply batteries for the new Tata gigafactory in Somerset....
...The number of electric vehicle models qualifying for a bung of up to $7,500 is down from 43 to 19 after new battery sourcing rules took effect on Monday....
...Around the same time, Apple approached both Nissan and Hyundai about collaborating on the project, the Financial Times reported, potentially tapping into the carmakers’ manufacturing knowledge....
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