Up To 30% In Savings For Hybrid Vehicles With Nissan's New Powertrains

Nissan Motor Co. is creating new modular powertrains to streamline production and reduce hybrid car manufacturing costs by up to 30%.

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Senior Vice President Toshihiro Hirai stated at a conference on Tuesday that the Yokohama-based manufacturer anticipates being able to bring down the price of its hybrid automobiles to the same level of gasoline-powered cars by 2026.

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Nissan showed designs for two new engines: one for its 'E-power' hybrid vehicles and the other for its zero-emission cars. Both employ comparable technology, which will aid in production consolidation and localization. Nissan touched on this topic late last month while outlining its expedited electrification goal.

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Japanese automakers, especially Toyota Motor Corp., claim they're taking a much more nuanced approach and continuing to spend extensively in hybrids while the automotive industry as a whole rushes headlong into electric vehicles.

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They think that people won't want to convert to electric cars right away and would instead want to wait for the technology to advance and the price of EVs to decrease. Concerns exist over the availability of adequate EV charging infrastructure.

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Almost 52% of Nissan's total sales in Japan during in the second quarter of the fiscal year 2022 were made up of pure electric and hybrid vehicles. Even while hybrids made up the majority of that, it's an improvement from the 12% in 2016.

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According to Hirai, Nissan's new engines might enter production as early as 2024.

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Hirai added that the missing component for EVs is still a set of dependable, functional batteries that don't cost a fortune to make or demand diminishing supplies of rare Earth metals. Nissan is dedicated to creating the next generation of solid-state batteries, he continued.

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He claimed that the introduction of solid-state batteries was crucial.

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Nissan's stock increased 1% on Thursday, increasing its year-to-date gains to roughly 32%.

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