Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday.
The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to Nikkei, which did not cite any sources.
Nissan did not immediately respond to a Reuters request for comment.
Get weekly money news
The Japanese company has plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025, Nikkei had reported in December.
- Oilsands have strong growth potential, but pipeline constraints loom: Enverus
- WestJet cuts flight capacity due to jet fuel costs, following Air Canada’s lead
- Fewer Canadian firms were anticipating a recession before Iran war began
- As Canada’s tax deadline nears, 4 things you might not know you can claim
Automakers worldwide, including General Motors Co and Ford Motor Co, have been involved in a series of efforts to shift their lineups to electric vehicles.
(Reporting by Nathan Gomes in Bengaluru; Editing by Ramakrishnan M.)
Comments
Want to discuss? Please read our Commenting Policy first.