Nissan unveils new EV designed for Chinese market By Reuters
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© Reuters. FILE PHOTO: FILE PHOTO: The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company’s car at their showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato
(Reuters) -Japan’s Nissan (OTC:) Motor Co Ltd on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it highlighted its commitment to the Chinese market.
“We are bringing more electrified models, such as Ariya, e-Power Sylphy and e-Power X-Trail. We are also planning to launch an EV designed specifically for the Chinese market,” said Ashwani Gupta, Nissan’s chief operating officer, speaking at the show.
China has long been a key market for Nissan, but like other global automakers, it faces increasing pressure and the threat of declining market share from the rise of home-grown auto companies.
Gupta said the new vehicle, called the Arizon, will offer a virtual personal assistant, dubbed Eporo, and feature a low centre of gravity while lacking structural pillars, a move the company says enhances the car’s spacious interior.
“Going forward, software-defined vehicles will continue to redefine (vehicles) … making cars a more and more integrated part of our digital lifestyle,” Gupta said.
Once a pioneer in the global electric vehicle (EV) market with the Leaf, Nissan has long since ceded dominance to Tesla (NASDAQ:) Inc and has struggled in China against BYD, the country’s biggest EV player.
Nissan’s latest electric offering, the Ariya crossover, has been hampered by problems at its high-tech production line, Reuters reported last month, slowing delivery of a car that was designed to put the Japanese automaker on the road to a comeback.
The Ariya is supposed to be the first of 19 new battery EVs that Nissan has said it plans to roll out by 2030. S&P Global (NYSE:) Ratings recently cut Nissan’s debt rating to junk status, saying margins and sales volumes were unlikely to improve as quickly as previously expected.
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© Reuters. FILE PHOTO: FILE PHOTO: The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company’s car at their showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato
(Reuters) -Japan’s Nissan (OTC:) Motor Co Ltd on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it highlighted its commitment to the Chinese market.
“We are bringing more electrified models, such as Ariya, e-Power Sylphy and e-Power X-Trail. We are also planning to launch an EV designed specifically for the Chinese market,” said Ashwani Gupta, Nissan’s chief operating officer, speaking at the show.
China has long been a key market for Nissan, but like other global automakers, it faces increasing pressure and the threat of declining market share from the rise of home-grown auto companies.
Gupta said the new vehicle, called the Arizon, will offer a virtual personal assistant, dubbed Eporo, and feature a low centre of gravity while lacking structural pillars, a move the company says enhances the car’s spacious interior.
“Going forward, software-defined vehicles will continue to redefine (vehicles) … making cars a more and more integrated part of our digital lifestyle,” Gupta said.
Once a pioneer in the global electric vehicle (EV) market with the Leaf, Nissan has long since ceded dominance to Tesla (NASDAQ:) Inc and has struggled in China against BYD, the country’s biggest EV player.
Nissan’s latest electric offering, the Ariya crossover, has been hampered by problems at its high-tech production line, Reuters reported last month, slowing delivery of a car that was designed to put the Japanese automaker on the road to a comeback.
The Ariya is supposed to be the first of 19 new battery EVs that Nissan has said it plans to roll out by 2030. S&P Global (NYSE:) Ratings recently cut Nissan’s debt rating to junk status, saying margins and sales volumes were unlikely to improve as quickly as previously expected.
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