As global EV sales climb, Nissan looks to compete with leaders like Tesla and BYD. Nissan now plans to export EVs made in China globally to drive down costs and boost sales.
Nissan will build EVs in China and export them globally
Electric vehicle sales hit a new record last month, with nearly 1 million units sold. The US alone hit a major milestone this month with over 1 million EVs sold in 2023.
Once viewed as a leader in the EV market, Nissan aims to revamp sales. The Japanese automaker announced a deal with one of Beijing’s top universities to harness China’s resources as it looks to compete in the global EV race.
The partnership aligns with Nissan’s commitment to “in China, for China and world.” Nissan and Tsinghua University will establish a joint research center next year.
The focus will be on attracting younger buyers, like Gen Z. It will also look into expanding EV charging, battery recycling, and energy management.
“We hope that this collaboration will help us gain a deeper understanding of the Chinese market,” Nissan’s CEO, Makoto Uchida, said. He explained that the partnership will help Nissan “better meet the needs” of EV buyers in China and overseas.
Nissan’s Intelligent Factory is operating at full steam after a slow start due to COVID-19 and the global chip shortage. Nissan has built nearly the same (26,900) numbers of EVs from April to October as it did all last fiscal year (27,600).
Nissan Ariya at the Intelligent Factory line (Source: Nissan)
The news comes as Nissan aims to cut costs to better compete with leaders like BYD and Tesla. Its Intelligent Factory has helped reduce production costs by 10%, according to Nissan.
Masashi Matsuyama, president of Nissan China, told reporters that the company is looking to export upcoming EVs made in China to rival domestic automakers like BYD.
Electrek’s Take
Nissan is joining Tesla, Ford, and other automakers that build EVs in China to export to global markets.
With lower material and production costs, EVs can be built in China for less. As sales of its first electric car, the LEAF, continue fading, Nissan looks to spark life back into the brand with lower-cost EVs.
Nissan plans to build a next-gen LEAF, ahead of an electric Juke and Qashqai at its Sunderland UK plant. The decade-old LEAF will be reborn as a crossover coupe SUV. Reports suggest it will look more like a “mini-Ariya” EV. The new model is expected to debut next year.
After being topped by BYD in passenger car sales last month for the first, Nissan looks to take back its share with competitive EVs.
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The PNY Ponie P2, an electric cargo motorcycle built for serious utility work, has just completed a wide-ranging pilot program, and the results are in. After being put through the paces in everything from food delivery to mail service and even ambulance duty, the Ponie P2 seems more than ready for the demands of the modern urban fleet.
Now the bike is undergoing even further refinement ahead of a larger expected rollout.
The pilots were conducted across several use cases, with partners testing the Ponie P2 in real-world delivery and emergency scenarios. Food couriers praised the bike’s nimbleness and acceleration in dense traffic. Mail carriers appreciated the large rear cargo box and underseat storage. And perhaps most impressively, the Ponie P2 served as a nimble ambulance motorcycle for navigating congested cities where traditional vehicles often fall short, helping reach emergency situations faster while carrying a wide range of lifesaving gear normally requiring a full ambulance to carry.
Capable of highway speeds and with two large storage trunks totalling 400 L (14 cubic feet) of cargo space, the Ponie P2 offers something of a Goldilocks option between cumbersome electric vans and lightweight but cargo-limited electric bicycles. The Ponie P2 has the speed to take shortcuts on faster urban highways and carry significantly more cargo, but can still wiggle down narrow city alleyways and take advantage of lane filtering, cutting urban trip time in half or better compared to four-wheeled vehicles.
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The summer pilot programs helped the company verify the design and gain real-world insight into areas where the vehicles could be improved.
“We got honest and invaluable feedback,” said PNY CEO Netzah Sadeh. “We listened closely to both the great feedback and the areas needing improvement. We heard the calls for enhanced seat comfort for long shifts and the need for a fast-charging option to support two shifts a day. I want to assure our riders that we are on it; their insights are already shaping the next iteration of the Ponie P2 as we move forward.”
Electrek had the chance to check out the vehicles at EICMA last year in Milan as well as test ride them in Tel Aviv ahead of the pilot, and they’re the real deal (see the clip below). With speeds of up to 100 km/h (62 mph) and various configurations for cargo and passenger use, they’re a unique solution for urban transport that sits somewhere between an electric scooter and an electric van.
The Ponie P2’s modular design makes it adaptable for a wide range of professional uses, and its all-electric drivetrain keeps running costs low while helping cities cut emissions.
Micah Toll test rides a Ponie P2 ahead of the pilot testing period
With strong results from the pilot and rider feedback already driving improvements, this could be one of the most practical workhorses in the growing electric utility bike space.
Now that the pilot program has wrapped up, PNY is already working on refining the Ponie P2 to meet rider demands.
If the next version is anything like what we’ve seen so far, don’t be surprised to see more of these electric cargo motorcycles buzzing through city streets soon.
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The headquarters of the Abu Dhabi National Oil Co. (ADNOC), right, and Etihad Towers, center, surrounded by residential and commercial properties in Abu Dhabi, United Arab Emirates, on Sunday, April 10, 2022. It is not just about the oil production that countries need to pay attention to, but also investments in renewables, Alhmeri affirmed.
Christopher Pike | Bloomberg | Getty Images
Global private-equity giant KKR has expanded its partnership with the Abu Dhabi National Oil Company, acquiring a minority stake in ADNOC Gas Pipeline Assets.
That ADNOC subsidiary operates 38 gas pipelines and two export terminals in the United Arab Emirates. KKR did not disclose the value of the deal to CNBC.
The partnership follows ADNOC’s 2019 oil pipelines deal with KKR and BlackRock, which opened the door to foreign direct investment across the region.
“This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East,” said David Petraeus, partner at KKR and chairman of the KKR Global Institute and KKR Middle East. “The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”
Earlier this year, the firm appointed former CIA Director Petraeus, who joined KKR in 2013, as chair of its Middle East operations and launched a dedicated investment team led by Julian Barratt-Due.
The transaction marks another milestone in KKR’s expansion in the region. It acquired a stake in Dubai-based Gulf Data Hub, with a combined commitment from the two firms of more than $5 billion to fund the expansion of GDH’s data center network.
The ADNOC gas pipeline network, which links the company’s upstream assets to domestic off-takers across the UAE, remains fully owned and operated by ADNOC. KKR has taken a minority stake, so ADNOC will retain control. KKR’s stake — acquired through its managed accounts — is structured to yield long-term revenue, the company said.
The move expands KKR’s over 16-year presence in the Middle East, with offices in the UAE and Saudi Arabia. The firm now manages more than $90 billion in infrastructure assets globally since launching its infrastructure strategy in 2008, according to information on its website.
Daimler Truck AG CEO Karin Rådström hopped on LinkedIn today and dropped some absolutely wild pro-hydrogen talking points, using words like “emotional” and “inspiring” while making some pretty heady claims about the viability and economics of hydrogen. The rant is doubly embarrassing for another reason: the company’s hydrogen trucks are more than 100 million miles behind Volvo’s electric semis.
For some reason – posts about hydrogen always stir up emotions. I think hydrogen (not “instead of” but “in parallel to” electric) plays a role in the decarbonization of heavy duty transport in Europe for three reasons:
If we would go “electric only” we need to get the electric grid to a level where we can build enough charging stations for the 6 million trucks in Europe. It will take many years and be incredibly expensive. A hydrogen infrastructure in parallel will be less expensive and you don’t need a grid connection to build it, putting 2000 H2 stations in Europe is relatively easy.
Europe will rely on import of energy, and it could be transported into Europe from North Africa and Middle East as liquid hydrogen. Better to use that directly as fuel than to make electricity out of it.
Some use cases of our customers are better suited for fuel cells than electric trucks – the fuel cell truck will allow higher payload and longer ranges.
At European Hydrogen Week, I saw firsthand the energy and ambition behind Europe’s net-zero goals. It’s inspiring—but also a wake-up call. We’re not moving fast enough.
What we need:
Large-scale hydrogen production and transport to Europe
A robust refueling network that goes beyond AFIR
And real political support to make it happen – we need smart, efficient regulation that clears the path instead of adding hurdles.
To show what’s possible, we brought our Mercedes-Benz GenH2 to Brussels. From the end of 2026, we’ll deploy a small series of 100 fuel cell trucks to customers.
Let’s build the infrastructure, the momentum, and the partnerships to make zero-emission transport a reality. 🚛 and let’s try to avoid some of the mistakes that we see now while scaling up electric. And let’s stop the debate about “either or”. We need both.
Daimler CEO at European Hydrogen Week; via LinkedIn.
At the risk of sounding “emotional,” Rådström’s claims that building a hydrogen infrastructure in parallel will be less expensive than building an electrical infrastructure, and that “you don’t need a grid connection to build it,” are objectively false.
Next, the claim that, “Europe will rely on import of energy, and it could be transported into Europe from North Africa and Middle East as liquid hydrogen” (emphasis mine), is similarly dubious – especially when faced with the fact that, in 2023, wind and solar already supplied about 27–30% of EU electricity.
Unless, of course, Mercedes’ solid-state batteries don’t work (and she would know more about that than I would, as a mere blogger).
Electrek’s Take
Via Mahle.
As you can imagine, Karin Rådström post generated quite a few comments at the Electrek watercooler. “Insane to claim that building hydrogen stations would be cheaper than building chargers,” said one fellow writer. “I’m fine with hydrogen for long haul heavy duty, but lying to get us there is idiotic.”
Another comment I liked said, “(Rådström) says that chargers need to be on the grid – you already have a grid, and it’s everywhere!”
At the end of the day, I have to echo the words of one of Mercedes’ storied engineering partners and OEM suppliers, Mahle, whose Chairman, Arnd Franz, who that building out a hydrogen infrastructure won’t be possible without “blue” H made from fossil fuels as recently as last April, and maybe that’s what this is all about: fossil fuel vehicles are where Daimler makes its biggest profits (for now), and muddying the waters and playing up this idea that we’re in some sort of “messy middle” transition makes it just easy enough for a reluctant fleet manager to say, “maybe next time” when it comes to EVs.
We, and the planet, will suffer for such cowardice – but maybe that’s too much malicious intent to ascribe to Ms. Rådström. Maybe this is just a simple “Hanlon’s razor” scenario and there’s nothing much else to read into it.
Let us know what you think of Rådström’s pro-hydrogen comments, and whether or not Daimler’s shareholders should be concerned about the quality of the research behind their CEO’s public posts, in the comments section at the bottom of the page.
SOURCE | IMAGES: Karin Rådström, via LinkedIn.
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