Nissan's futuristic EV concept hints at a fully electric future in Europe.

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【Summary】Nissan unveils its new EV concept for the European market, part of their plan to introduce 19 new electric vehicles globally. They aim to fast-track the European market, where a third of their global EV sales occur. Nissan will reduce battery costs by 65% and launch solid-state batteries, aiming to reduce charging time and battery costs. They currently sell hybrid and electric models in Europe, including a non-plugin hybrid crossover and compact SUV, as well as an EV and electric van.

FutureCar Staff Sep 25, 2023 11:17 PM PT

Nissan's futuristic EV concept hints at a fully electric future in Europe.

Nissan's London design team has created a compact non-production EV hatchback called Concept 20-23. This vehicle, designed specifically for the European market, features circle daytime-running lights. Under Nissan's "Ambition 2030" plan, the company aims to introduce 19 new electric vehicles and eight "electrified" vehicles globally. The European market is a priority for Nissan, with a third of its global EV sales taking place there. Currently, Nissan only sells hybrid and electric models in Europe, including the non-plugin hybrid Qashqai crossover, the compact SUV X-Trail, the Nissan Ariya EV, and the Townstar electric van.

As part of its efforts to achieve an all-electric lineup, Nissan plans to reduce battery costs by 65 percent by 2028. This includes transitioning to lower-cost chemistries that do not rely on cobalt. Additionally, Nissan aims to launch solid-state batteries within the same timeframe. These batteries are expected to significantly reduce EV charging time and bring down battery costs to $75 per kWh, with a future target of $65 per kWh. Currently, batteries for EVs produced at scale cost around $153 per kWh. To support its EV development globally, Nissan announced plans to invest 2 trillion yen (approximately $17.6 billion) over five years.