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Under the impact of the market, traditional car companies have also begun to accelerate the electrification of their auto product lines. Today, Nissan announced plans to invest 2 trillion yen ($17.6 billion) to electrify more product lines over the next five years. Nissan announced on Monday that it will spend 2 trillion yen on a rich product line over the next five years, such as adding 20 new electric cars to its product line, according to the Wall Street Journal.

It is understood that the 20 new cars mentioned in this plan include pure battery-driven models of the Leaf category and models equipped with Nissan e-POWER technology. According to the plan, Nissan will increase the proportion of electric-driven models in major markets such as Japan, China, the US and Europe, of which Chinese models are expected to account for more than 40 per cent by fiscal year 2026. In addition, by fiscal year 2030, Nissan will launch 23 new models, including 15 electric vehicles. Electric-driven models under the Nissan and Infiniti brands will account for more than 50%, and the plan shows that half of its cars will be electrified.

In addition, Nissan announced that it will launch electric vehicles with all-solid-state batteries (ASSB) by fiscal year 2028, and if nothing happens, it will be able to build a pilot plant in Yokohama, Japan as early as fiscal year 2024. According to reports, Nissan already has battery plants in the United States, Britain and Japan, which can produce about 7.5 gigawatt hours of batteries every year. Nissan will further expand its battery production capacity around the world to power new cars. The goal is to have about 52 gigawatt hours of battery capacity by 2026.

Data show that Nissan is an early leader in the electric vehicle industry. As early as 2010, Nissan released the world's first mass-produced electric vehicle, the Leaf, but its sales have been surpassed by Tesla's Model series in recent years, but the Leaf is still one of the best-selling electric vehicles in the world. In addition, Dongfeng Nissan has launched the first model of e-POWER in China, which is Nissan's representative electric drive. According to reports, the car has greatly improved in terms of power performance and fuel economy compared with the fuel version of Xuanyi, which also means that Nissan will launch more new cars with e-POWER in the Chinese market in the future, and Nissan is expected to launch a new electric car, Ariya, by next year.

In fact, Nissan has been working on electric vehicles recently, in addition to this plan, Nissan has announced a series of investment plans, including a $1.4 billion construction of a battery-powered car center in the UK, which is expected to provide trams for 100000 cars a year, in addition to news that Nissan's much-anticipated Ariya SUV and other electric models will also be on the market.

At present, there are broad prospects for the growth of the electric vehicle market. In the next 10 years, the annual sales of global electric vehicles are expected to increase from the current 1 million or so to more than 10 million. The figures also show the fierce competition. According to relevant media reports, Volkswagen, the world's second-largest carmaker, is stepping up investment plans to replace Tesla as the world's largest electric vehicle maker, after Volkswagen Group CEO and management board chairman Herbert Dis stressed that Volkswagen will seize market share from Tesla and eventually surpass Tesla to become the world's largest electric vehicle company. Other carmakers, such as General Motors and Honda, have pledged to sell only electric vehicles over the next 20 years.

In response, Nissan Chief Executive Shigeru Neida believes that Nissan is smaller than other auto giants, but its advantage is that Nissan plans to use the scale of its alliance with Renault and Mitsubishi to reduce the cost of electric car parts such as batteries. this action offsets the loss of sales caused by the shortage of parts. Nissan said it will continue to accelerate the development of next-generation batteries and expand the lineup of electric vehicles, and expects operating profit of 180 billion yen for the 2021 fiscal year ending next March. as for whether the plan to spend 2 trillion yen to enrich the automotive product line will bring greater benefits to it will need to wait for more time and market verification.

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