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Another car company announced that it would stop developing new internal combustion engines. According to foreign media reports, Nissan will stop developing most of the new gasoline engines for the Japanese, Chinese and European markets. In addition, Nissan will continue to develop a small number of gasoline engines for pickups sold in the United States. The company expects that there is still a certain level of demand for gasoline-powered pickups in the United States.

It is understood that Nissan spends about 500 billion yen ($4.3 billion) on research and development each year, most of which is spent on the research and development of gasoline engines and models. After stopping the research and development of gasoline engines, these funds will be used for the development of electric vehicles and other technologies in the future.

Emission restrictions on cars are being tightened around the world, with the new Euro 7 emission standards in Europe coming into effect as early as 2025, which Nissan expects to significantly increase the cost of developing internal combustion engines. In Japan and China, Nissan does not plan to produce new internal combustion engines, but will continue to improve existing engines and continue to work on hybrid systems.

In response, the Beijing News Shell Financial reporter contacted Nissan China, and the head of Nissan's China public relations department said: "as mentioned in Nissan's Vision 2030, the company will continue to promote electrification. At the same time, the company will evaluate according to future travel trends and consumer preferences, and launch an appropriate lineup of models to meet the different needs of consumers. "

Nissan officials did not respond to the reports.

Nissan was an early leader in the electric vehicle industry, reviewing Nissan's recent layout in the electric vehicle field, in fact, it has been acting very frequently. On November 29th last year, Nissan officially released "Nissan Vision 2030". According to its plan, Nissan plans to invest 2 trillion yen ($17.6 billion) in the next five years to turn more product lines into electrification. For example, Nissan will launch 20 pure electric models and models equipped with Nissan e-POWER technology in the next five years. In addition, Nissan also said it will launch 23 electrified vehicles in fiscal year 2030. These include 15 electric vehicles. Nissan hopes to account for 50 per cent of global electric-driven models under its Nissan and Infiniti brands by fiscal year 2030 (2030.4.1-2031.3.31).

At the event, Nissan also unveiled four new concept models, including two pure electric SUV, a pure electric sports car and a pure electric pickup, named Chill-Out, Hang-Out, Max-Out and Surf-Out, respectively, but did not disclose specific parameters. According to the plan, by fiscal year 2026 (2026.4.1-2027.3.31), Nissan's electric-driven models in China will account for more than 40% of the total vehicle sales. The figures for Europe, Japan and the United States are more than 75%, 55% and 40%, respectively.

In addition, Nissan also announced that it will launch electric vehicles with all-solid-state batteries (ASSB) by fiscal year 2028, with the goal of having about 52 gigawatt-hour battery capacity by 2026 and, if nothing happens, to build a pilot plant in Yokohama, Japan, as early as fiscal year 2024.

In addition, Nissan 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, and news that Nissan's much-anticipated Ariya SUV and other electric models will also be on the market.

In terms of market performance, China is Nissan's largest single market in the world. Relevant data show that Nissan's terminal sales in China in January 2022 were 133500, down 8.7% from a year earlier. Of this total, Dongfeng Nissan (including Nissan / Qichen / Infiniti) sold 111300 vehicles, down 11.4% from the same period last year. In terms of specific models, the seventh generation Teana sold a total of 18739 vehicles in the whole year, 49982 in Xuanyi series and 20486 in Xiaoke.

Looking back on 2021, Nissan's annual sales in China totaled 1381494 vehicles in 2021, down 5.2 per cent from the same period a year earlier. Among them, Dongfeng Motor's passenger car sales (including Nissan and Qichen brands) from January to December 2021 were 1134889, down 6.4% from the same period last year. Dongfeng Nissan's seventh generation Teana ALTIMA, Xuanyi series, Xinxiaoke, Qichen Big V, Qichen T60, Qichen Star and Qichen electric models series are all heavyweight products in sales, while Infiniti QX50 and Q50L are the main sales force in 2020. In addition, in terms of light commercial vehicles, Nissan sold 234309 vehicles in China in 2021, an increase of 7.8 per cent over the same period last year.

At present, there is far more than Nissan in the field of electric vehicles. In fact, Japanese car companies represented by Toyota and Honda are vigorously adding electric transformation. At present, the electric vehicle market has broad growth prospects. In the next 10 years, it is expected that the annual sales of global electric vehicles will increase from about 1 million at present to more than 10 million, which also means that the competition in the electric vehicle market in the future will be fierce.

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