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Nissan plans 20 electric models for China through 2022

Nissan and a Chinese partner announced plans Monday to develop 20 electric vehicles as part of a $10 billion, five-year investment programme, adding to efforts by global automakers to create commercially competitive electrics for the biggest auto market

Jun Seki, the president of Dongfeng Motor, the Nissan and Dongfeng Group joint-venture, during a news conference in Beijing on Monday

Nissan Motor’s venture with state-owned Dongfeng Group will start sales this year of Nissan’s all-electric Leaf and two other electric models, said Jun Seki, president of their joint venture, Dongfeng Motor. He said three “affordable EV” compacts will be launched next year. “Our EV offensive starts from 2018,” said Seki.

Nissan joins global automakers including Volkswagen AG and General Motors that are looking to China to propel future revenue and are investing billions of dollars to develop electric vehicles that will appeal to Chinese drivers. The appeal of electrics in China still depends heavily on subsidies but Beijing is pushing automakers to develop the technology.

Automakers face quotas that require electrics to make up at least 10 per cent of their sales starting next year. Regulators are using access to China’s market as leverage to induce global auto brands to help local companies that might become future competitors develop electrics. Foreign automakers that want to manufacture in China must work through local partners, most of them state-owned, and must share or help develop technology to satisfy the sales quotas.

Overall, Chinese sales of sedans, SUVs and minivans rose 1.4 per cent last year over 2016 to 24.7 million units. Total sales of pure-electric and gasoline-electric hybrids rose 53.3 per cent to 777,000 units but accounted for just 2.7 per cent of the market.

Nissan and Dongfeng said they plan to develop 40 new models half of them electric or hybrid over the next five years.