NSANF - Nissan to export China-made EVs in R&D deal with top Chinese university
2023-12-18 04:12:43 ET
Nissan Motor ( OTCPK:NSANY ) on Sunday revealed their plans to export electric cars developed in China to global markets, in a research and development agreement with Tsinghua University, a renowned institution in China.
The move reflects a broader industry strategy to optimize factory capacity utilization while maintaining cost efficiency and aims to leverage local resources and expedite research and development in the field of electrification.
Masashi Matsuyama, the head of Nissan's Chinese investment company, revealed the company's plans during a press conference in Beijing and Reuters quoted him as saying "We are considering exporting our current internal combustion engine vehicles, as well as the upcoming pure electric and plug-in hybrid cars developed and manufactured in China to overseas markets."
In addition, Matsuyama highlighted the company's aspiration to target markets already tapped by Chinese competitors such as BYD.
Nissan's President and CEO, Makoto Uchida, expressed optimism about the collaboration. "We hope that this collaboration will help us gain a deeper understanding of the Chinese market and develop strategies that better meet the needs of customers in China,” Reuters quoted him.
The forthcoming research centre represents an extension of Nissan's existing collaboration with Tsinghua University, which began in 2016, and is scheduled to commence operations next year.
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Nissan to export China-made EVs in R&D deal with top Chinese university