Skip to site menu Skip to page content

Daily Newsletter

22 May 2024

Daily Newsletter

Nissan hits brakes on EV sedan development in US

Move follows worries over weaker EV demand

Dani Cole May 22 2024

Nissan has said it has paused development plans for two battery-powered sedans.

It said it would expand its EV line-up to five vehicles in the US.

As global EV demand has waned in recent months, automakers have reassessed their plans for electrification, focusing on hybrid and ICE models.

Stellantis, for example, said it was keeping an agile approach when quizzed by investors earlier this year on whether it would revisit ICE models if consumer demand assumptions changed [EV sales forecasts reduced].

In April, Ford said it was “retiming” the launch of upcoming electric vehicles at its Oakville, Ontario, Canada assembly plant. 

In a statement provided to Reuters, Nissan said: "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.”

It said it expects its electric SUVs to be rolled out faster than its electric sedans.

The firm added that its Canton, Mississippi factory would support manufacturing of its next-generation vehicles.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close