Nissan Motor Co. Ltd. announced on Thursday that it will reevaluate how it approaches the powertrains for all-electric and hybrid petrol-electric cars with the motive to bring hybrid pricing in line with those of fuel vehicles by 2026.
The Japanese automaker said they'll use the same parts in all of its models, resulting in smaller, lighter electric powertrains that will save research and production costs by 30% by 2023 compared to 2019.
"Materials that don't use such expensive precious metals are being developed, which will be a major factor in reducing costs, "Toshihiro Hirai, the senior vice president said.
Further, he told reporters that the company would also use solid-state batteries made of less expensive metals like nickel and cobalt that are often used.
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