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home / articles / TECH - Nissan Adjusts US Electric Sedan Rollout Amid Changing Market Trends | Benzinga


TECH - Nissan Adjusts US Electric Sedan Rollout Amid Changing Market Trends | Benzinga

Nissan Motor Co (OTC:NSANY) has paused its plans for two electric sedans in the U.S. while expanding its EV lineup to five vehicles.

What Happened: Nissan’s electric sedans remain in the production plan, but the company expects the SUVs to be available sooner, Reuters reported on Thursday. The Canton, Mississippi factory will support the manufacturing of these next-generation vehicles.

This decision comes as global automakers, facing weaker-than-expected EV demand, shift focus to hybrids and gas-powered models. Additionally, crossover SUVs and pickup trucks have seen higher demand than sedans in recent years.

“We are adjusting the timeline for the introduction of these five new models to ensure we bring the vehicles to the market at the right time,” a Nissan spokesperson said. The new lineup includes battery-powered crossover SUVs.

In March, Nissan announced plans to accelerate its global EV transition, including seven new models for the U.S. by 2026 and an EV manufacturing hub in the country. Automotive News first reported the pause in U.S. production ...

Full story available on Benzinga.com

Stock Information

Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com

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