Japanese auto maker Nissan is revving up its electrification shift and slashing costs by using the same components across models and reducing use of...
TOKYO — Japanese auto maker Nissan is revving up its electrification shift and slashing costs by using the same components across models and reducing use of expensive rare materials.
Nissan Motor Co. 7201 presented its “X-in-1” development strategy Thursday, in which the X stands for various powertrain parts such as an electric motor and inverter that can be used across models. The company said development and manufacturing costs will be reduced by 30% in 2026 compared to 2019 levels.
Its senior vice president, Toshihiro Hirai, acknowledged that prices of rare earths and other materials needed to make electric vehicle batteries and other parts are expected to rise in coming years. That means automakers must have a solid strategy for obtaining raw materials if they hope to succeed in electrification.
Nissan, which also makes the March subcompact and Infiniti luxury models, is working on solid-state battery technology for EVs, a move that if successful is expected to radically reduce costs. A Consumer Reports analysis last year said that based on the gas price at that time of $4.31 a gallon, EV owners could save between $1,800 and $2,600 in operating and maintenance costs for every 15,000 miles they drive, compared to drivers of gas-powered vehicles.
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