ARKANSAS, Dec 19 (Future Headlines)- As the global electric vehicle (EV) market experiences unprecedented growth, Nissan is gearing up to regain its position as a formidable player. Once considered a trailblazer in the EV sector, the Japanese automaker is undergoing a strategic shift to revitalize its EV sales and compete with industry leaders such as Tesla and BYD. Nissan’s latest move involves a collaboration with a prominent Beijing-based university, an initiative to export EVs manufactured in China globally, and a renewed focus on cost reduction and market expansion.

The surge in global EV sales has reached historic levels, with nearly 1 million units sold in the last month alone. Notably, the United States achieved a significant milestone by surpassing 1 million EVs sold in 2023. In this dynamic and competitive landscape, Nissan is poised to redefine its position in the EV market.

Once celebrated for its pioneering role with the Nissan LEAF, the first mass-produced electric car, Nissan is now realigning its EV strategy. The company is actively working to reinvigorate its EV lineup and capture the attention of a new generation of buyers, particularly focusing on the younger demographic, including Generation Z.

In a strategic move to harness China’s resources and tap into the burgeoning EV market, Nissan has entered into a partnership with Tsinghua University, one of Beijing’s premier educational institutions. The collaboration, set to establish a joint research center in the coming year, aligns with Nissan’s commitment to “in China, for China and the world.”

The key objectives of this partnership include:

Market Understanding: Nissan aims to gain a deeper understanding of the Chinese EV market, catering to the unique needs and preferences of local consumers.

Younger Demographic Focus: The collaboration will focus on attracting younger buyers, with a specific emphasis on engaging Generation Z.

Expansion of EV Infrastructure: The research center will explore avenues to expand EV charging infrastructure, promoting accessibility and convenience for EV users.

Battery Recycling and Energy Management: Nissan intends to delve into sustainable practices by exploring efficient battery recycling methods and optimizing energy management systems for EVs.

Nissan’s CEO, Makoto Uchida, expressed optimism about the collaboration, emphasizing its potential to enhance Nissan’s understanding of the Chinese market. He highlighted the importance of aligning with local needs and preferences, stating that the partnership would enable Nissan to “better meet the needs” of EV buyers in both China and global markets.

Nissan’s push to strengthen its position in the EV market is accompanied by a boost in production, particularly of its second global EV, the Nissan Ariya. The Ariya represents a crucial element of Nissan’s renewed focus on EVs, and the company’s Intelligent Factory is now operating at full capacity after facing challenges related to COVID-19 and the global chip shortage.

The Intelligent Factory has significantly ramped up output, producing nearly 26,900 EVs from April to October, a number almost equivalent to the entire production for the previous fiscal year (27,600). The increased efficiency and output of the Intelligent Factory have contributed to a 10% reduction in production costs for Nissan.

In a strategic move to cut costs and enhance competitiveness, Nissan is planning to export EVs manufactured in China to global markets. This approach aligns with the industry trend of leveraging the cost advantages of Chinese production for global exports. By capitalizing on lower material and production costs in China, Nissan aims to offer more cost-effective EVs, positioning itself as a strong contender in the international market.

Masashi Matsuyama, president of Nissan China, stated that the company is exploring the possibility of exporting upcoming EV models from China to compete with domestic automakers such as BYD.

As part of its strategy to reinvigorate its EV lineup, Nissan plans to introduce a next-generation LEAF. The iconic LEAF, which pioneered the mass adoption of electric vehicles, will undergo a transformation into a crossover coupe SUV. Described as a “mini-Ariya” EV, the new LEAF model is expected to debut next year.

Nissan’s roadmap includes the development of electric versions for popular models like the Juke and Qashqai. By expanding its EV offerings and leveraging the success of the Ariya, Nissan aims to capture a broader market share and cater to evolving consumer preferences.

In the increasingly competitive EV landscape, Nissan faces formidable rivals such as BYD and Tesla. The decision to export EVs made in China globally is a strategic move to directly compete with domestic players like BYD, a prominent Chinese automaker with a strong presence in the EV market. Nissan’s initiative aligns with the broader trend of automakers building EVs in China for global export, taking advantage of the country’s manufacturing capabilities and cost efficiencies.

Nissan’s decision to export EVs manufactured in China globally signifies a pivotal moment in its efforts to reclaim a leading position in the evolving EV market. By tapping into the research and development capabilities of Tsinghua University and leveraging the cost benefits of Chinese production, Nissan aims to offer competitive and appealing electric vehicles to a diverse global audience. The collaboration with Tsinghua University reflects a commitment to understanding local markets and embracing sustainable practices in EV development. The emphasis on attracting younger buyers and expanding EV infrastructure demonstrates Nissan’s forward-looking approach to the evolving automotive landscape.

As the global EV market continues to evolve, Nissan’s strategic partnerships, production acceleration, and focus on cost-effective exports position the company for renewed success. The upcoming introduction of next-generation EV models, including a transformed LEAF and electric versions of popular models, signals Nissan’s determination to shape the future of mobility with innovative and sustainable electric vehicles.

Reporting by Alireza Sabet; Editing by Sarah White