Friday, November 15, 2024
Nissan's potential investment in Fisker could mark a strategic move in the EV market. Discussions involve a significant investment by Nissan, granting access to Fisker's electric pickup truck. This partnership may provide vital support to Fisker amid financial challenges while aligning with Nissan's long-term goals and its recent alliance restructuring with Renault.
Nissan aims to produce cost-effective lithium iron phosphate (LFP) batteries to cut electric vehicle (EV) prices and compete with BYD. Despite BYD's lead in EV sales, Nissan plans to introduce LFP batteries into its EVs by 2026, forging partnerships to advance the technology.
Renault Group plans to sell around 5% of its Nissan holdings as part of its capital allocation plan following a 1.5 billion Euro loss. The sale to Nissan, set for December 13, 2023, is part of their New Alliance Agreement, maintaining cross-shareholdings but with a shift in Renault's shareholding structure.
Nissan has recently made a significant decision regarding the production of its next-generation LEAF electric vehicle (EV), opting to build it in the UK at its Sunderland factory. This bold move comes with the risk of potentially losing eligibility for the EV tax credit.
Nissan is investing over £1 billion in its Sunderland plant to produce two new electric vehicle models, successors to the Qashqai and Juke. This reflects their commitment to electric mobility and job retention, supported by UK government funding.
