Latest news with #KeijiEndo
Japan Today
2 hours ago
- Automotive
- Japan Today
Nissan to launch new Leaf EV with better range in U.S., Japan, Europe
Nissan Motor Co said Tuesday it will launch a new model of its Leaf electric vehicle with enhanced driving range and charging power in North America in the fall, followed by Japan later this year and Europe next year. Nissan, which introduced the Leaf as the world's first mass-produced EV in 2010, hopes the third-generation model will help it turn around its fortunes in an EV market that has become increasingly crowded with the rise of Tesla Inc. of the United States and BYD Co of China. "We hope it will be the standard (EV) model in the future," said Nissan's Chief Product Specialist Keiji Endo at a press briefing, expressing hope to make it an alternative for buyers of gasoline-powered or hybrid vehicles. "It signifies Nissan's strong commitment to achieving carbon neutrality by 2050." To address consumer concerns about the range and charging needs of all-electric vehicles, the new model's battery has a capacity of 75 kilowatt-hours, up at least 25 percent from the current version, Nissan said. Japan's third-largest automaker by volume said the more powerful battery, which also has an enhanced charging speed, gives the new Leaf a U.S. driving range of 303 miles, or 487.6 kilometers, up from 212 miles for the current model. The U.S. model has also adopted the North American Charging Standard connector, enabling charging at Tesla's Supercharger locations. The faster charging performance allows the new models to recover 130 miles of driving range with just 15 minutes of charging under a battery temperature of 25 C -- or about double the equivalent figure for the current Leaf model. Its main target will be Europe, as U.S. President Donald Trump's decision to review predecessor Joe Biden's incentives to promote EVs is expected to dampen demand in the United States, Endo said, adding there is currently no plan for its introduction in China. The new Leaf will be assembled at the Tochigi Plant in Japan and in Britain at a facility in Sunderland, northeast England. For the U.S. market, the vehicles will be shipped from Tochigi. Pricing is to be provided around one month before the start of sales in respective regions, Nissan said. © KYODO
Japan Times
11 hours ago
- Automotive
- Japan Times
The world's first mass market electric car is getting a facelift
Nissan Motor's push to breathe new life into its lineup will see the debut of an updated version of the Leaf, the struggling brand's compact family car that was the world's first mass-market electric vehicle. The Leaf has sold almost 700,000 units since it was originally released in 2010, making Nissan an EV pioneer. But the Japanese carmaker struggled to maintain that early momentum, only introducing its second fully electric model — the Ariya SUV — in 2022 into a market crowded with high-tech offerings. Now, as CEO Ivan Espinosa undertakes an ambitious rescue plan to stem the carmaker's rapidly deteriorating financial position, Nissan is betting a revamp of the Leaf will help it regain its edge. The company doesn't need a savior to get back on its feet, according to Espinosa, who has put his focus on slashing jobs and shutting factories to get Nissan back on track. The third generation of the popular EV has received a major facelift. It's now equipped with flush door handles, a panoramic glass roof and angular headlights. The car will also be the debut of a new powertrain with a smaller motor, according to the company. "We expect Europe to be the largest market in terms of unit sales,' Nissan chief product specialist Keiji Endo said at a briefing. Endo also pointed to turmoil in the U.S. caused by President Donald Trump. The carmaker will assemble vehicles for the U.S. market at its plant in Tochigi, north of Tokyo. Cars will also be made at its facility in Sunderland, in the U.K. The Leaf has enjoyed enduring popularity in Europe and the region is the model's biggest market, with sales of 286,200 vehicles since its debut. Nissan has sold 221,300 Leaf cars in North America and 186,200 in Japan over the same period. It's never been sold in China and Nissan said it currently has no plans to introduce the Leaf to that market. The Leaf will be sold first in the U.S., during the fall. The company didn't disclose pricing details, but the current model starts at $28,140 The new Leaf comes part way through Nissan's three-year effort to recover from its worst crisis in decades. The collapse of talks earlier this year to join forces with Honda Motor Co. have added impetus for the automaker to get operations back on track under Espinosa, who took over as CEO in April. He's helming a restructuring that will see 20,000 jobs cut and the closure of seven of Nissan's 17 plants by March 2028 after the carmaker reported a net loss of ¥670.9 billion ($4.6 billion) for the most recent fiscal year. It withheld annual profit guidance for the current year due to uncertainty about the impact of Trump's trade war. Nissan is also seeking to raise more than ¥1 trillion from debt and asset sales ahead of a huge loan repayment wall next year, Bloomberg News previously reported, citing internal documents. That includes plans to issue as much as ¥630 billion in convertible securities and bonds, including high-yielding U.S. dollar and euro notes, and a £1 billion ($1.4 billion) syndicated loan guaranteed by U.K. Export Finance.
