Nissan To Manufacture Lithium-Ion Batteries With Lower-Cost Materials, Plans To Install Them In EVs Sold In Emerging Markets As Soon As 2026
Portfolio Pulse from Benzinga Newsdesk
Nissan has announced plans to manufacture lithium-ion batteries using lower-cost materials, aiming to install them in electric vehicles (EVs) sold in emerging markets by 2026. This move is part of Nissan's strategy to make EVs more affordable and accessible in these regions, potentially increasing the company's market share in the growing EV sector.
January 29, 2024 | 6:33 pm
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Nissan's initiative to produce lower-cost lithium-ion batteries for EVs in emerging markets by 2026 may lead to increased sales and market penetration, enhancing the company's competitive edge in the EV industry.
Nissan's announcement to produce more affordable lithium-ion batteries is directly aimed at reducing the cost of EVs, which is a significant barrier to adoption in emerging markets. By addressing this issue, Nissan is likely to see a positive impact on its sales and market share in these regions. The timeline of 2026 gives investors a medium-term outlook on the company's growth in the EV sector.
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