Page 4 - Nissan

Nissan Motor upbeat on annual profit despite challenges from inflation

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Likely to make next-generation EV batteries by early 2029: Nissan

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan's legacy automakers have fallen behind newer rivals like America's Tesla and China's BYD in the emerging all-electric auto sector. But Nissan, like other companies, sees a chance to catch up and perhaps leap ahead with a new kind of battery that promises to be more powerful, cheaper, safer and faster to charge than the lithium-ion batteries in use today. Solid-state batteries, which replace the corrosive liquids found in conventional batteries with solid metals, are widely seen as the next step for EVs, and leading automakers are racing to develop versions that can be mass produced. Rivals like Volkswagen and Toyota have also announced efforts to produce solid-state EVs, with Toyota setting a date of 2027-28 to begin bringing them to market. But substantial challenges remain before the technol

Renault Nissan JV to launch four new products, expand product portfolio

The Renault Nissan Alliance, a joint venture between automakers Japan-based Nissan and France headquartered Renault would launch four new products in the near future, a top official said here on Wednesday. Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at the India plant. Renault Nissan Automotive India Pvt Ltd is a joint venture company between Nissan and Renault in India and currently retails five products with two being sold under the Nissan platform and three with the Renault badge. On a short visit to the city, Senard, flanked by Nissan Motor Corporation President and CEO Makoto Uchida and Renault Group CEO Luca de Meo, said March 27th marks the 25th anniversary of the alliance in India. "This is our first visit to India and India will continue to have a major role in our alliance. The alliance has invested USD 1.8 billion so far", he told reporters. "India is at the heart of the

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

Nissan Motor plans to launch three all-new models in India by FY26

Japanese auto major Nissan Motor Co Ltd plans to launch three all-new models in India by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statement. Under the new plan, which is split into mid-term imperatives for fiscal years 2024 through 2026, and mid-long-term actions to be carried out through 2030, the company is targeting additional 10 lakh unit sales compared to fiscal year 2023. Globally, Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE (international combustion engine) models, to meet the diversified customer needs in markets where the pace of electrification differs, the company said. It plans to launch a total of 34 electrified models from fiscal year 2024 and 2030 to cover all segments, with the model mix of electrified vehicles expected to account for 40 per cent globally by fiscal year 2026 and

Illegal construction can lead to claim denial

Since the insured didn't oppose the illegal addition to the structure, the National Commission held the claim for loss of stock had been rightly repudiated

Nissan shares plummet 11.7% as Q3 earnings highlight China worries

That helped the automaker increase sales by 19% year-on-year to 247,000 vehicles in the final three months of last year, he said

Nissan expands research ties in China as part of bid to regain market share

Nissan Motor Co. is expanding its research ties with a leading Chinese university as it and other foreign car companies try to claw back market share in the important Chinese market. The Japanese automaker announced Sunday that it would launch joint research next year with Tsinghua University on reaching Generation Z defined for this project as those born between 1995 and 2009 and on the social responsibility of automakers in battery recycling, charging stations and other electric vehicle-related issues. The major auto companies were caught flat-footed by a boom in electric vehicles in China that has given rise to new Chinese competitors that have gobbled up market share at home and are now moving into Southeast Asia, Europe and other overseas markets. Nissan's sales in China plunged 34% in the six months from April to September compared with a year earlier. Market conditions in China have become extremely tough, Masashi Matsuyama, the head of Nissan's Chinese investment company,

Nissan to invest $1.4 bn to make EV versions of its best-selling cars in UK

Nissan will invest USD 1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country's ailing economy. The Japanese automaker manufactures the gasoline or gas-hybrid Qashqai and smaller Juke crossover vehicles at the factory in Sunderland, which employs 6,000 workers. Nissan Motor Co. said it's directly investing up to 1.12 billion pounds (USD 1.4 billion) to produce electric successors to the two models. The money also will enable wider investment in infrastructure projects and the supply chain, including a new gigafactory" for EV batteries at the site, the government said in a separate press release. Nissan's investment is a massive vote of confidence in the UK's automotive industry, which contributes 71 billion pounds a year to the economy, Prime Minister Rishi Sunak said. Sunak visited the factory for the announcement, posing for photos with Treasury chief Jerem

Renault cuts Nissan stake to 15% from about 43%; now on equal footing

"This next chapter of the alliance will build on the foundations of the longstanding partnership and will maximise value creation for each alliance member," the statement said

LinkedIn profiles expose bogus claims at fake parts supplier to jet engines

Kwong, if he even exists, was never employed at Nissan, or at ANA for that matter. Neither company has records of him as a former worker, they said in response to queries by Bloomberg News

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

Nissan, Renault to announce restructured alliance deal in days: Report

That timeline slipped when senior Nissan executives and some directors challenged detailed provisions of deal and the benefits and protections for Nissan's intellectual property

Carlos Ghosn sues Nissan, connected individuals over his 2018 ouster

The arrest of Ghosn, 69, sent shockwaves through the global auto industry and unleashed turmoil within Nissan that continues to this day

Nissan operations chief Gupta, once seen as CEO candidate, to leave company

Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in a statement

Nissan rolls out Magnite SUV, marks milestone of 100,000 units at TN plant

Japanese automaker Nissan Motor India has rolled out its one hundred thousandth unit of the popular compact sports utility vehicle 'Magnite' from its joint venture plant in Chennai, the company said on Tuesday. Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at Oragadam about 45kms from the city. Spread across 600 acres of land, the facility caters to both the domestic and export requirements of Renault and Nissan. A red colour Magnite was flagged off by company executives at the factory, marking the one lakh milestone. "This production milestone achievement underscores Nissan Motor India's commitment in delivering high-quality products and services that exceed customer expectations," a company statement said. Nissan Motor India launched the Magnite in December 2020. "The production of the 100,000th Magnite is testimony to Nissan's brand promise of providing its customers products that are high on value, safety and strong customer service, making it a global ..

Nissan reports surging profit amid strong sales, easing chip crunch

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago. Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic. Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology. He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China. A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

Nissan in talks to boost its UK plant as Renault haggling continues

The UK has been struggling to attract investment from the auto industry in the aftermath of Brexit

Renault Nissan inks agreement with Kamarajar Port for car shipments

So far, over more than 13 years, the Alliance has exported over 1.15 million cars from Kamarajar Port to around 108 global destinations