Nissan to mass produce & affordable& electric cars in 2012

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Nissan Electric Cars

Nissan to mass produce electric cars in 2012

By Yuasa, AP

Tuesday, June 23,

Nissan to mass produce cars in 2012

YOKOHAMA, — Nissan Motor Co. said its electric vehicles will be setting sights on the potentially market with a plan to produce zero-emission cars from 2012.

Japan s No. 3 said it would unveil its electric vehicle in Japan on 2 and begin sales next

We are moving forward with vehicles, said Chief Carlos Ghosn at a shareholders

Nissan will sell cars first in Japan and the after April 2010, and mass produce them in 2012.

Along with in Japan and Europe, Ghosn Nissan would make vehicles in the United States at its plant in Tennessee with output capacity of more 100,000 units per year.

The is going to be a very important for the company s electric vehicle he said.

I can tell you I m not at all worried how to sell these cars there is an appetite for zero-emission

Other carmakers are also to produce fully electric U.S.-based Tesla Motors has a that is scheduled to be produced by Toyota Motor Corp. has it plans to sell electric in the U.S. by 2012 while automaker Dongfeng Motor has teamed up with a Dutch-based to develop and make electric

Ghosn gave few details, but that Nissan s zero-emission will come with a reasonable price.

If it s not affordable, it s not to work, Ghosn told

We are not going to come with a high price. We are going to with a reasonable price, he We are here to mass market

Earlier in the month, Nissan s rival, Mitsubishi Motors launched its electric vehicle, the with a price tag of 4.59 yen ($48,300). Even the company the i-MiEV is too pricey and said it to cut the price in the future.

Ghosn expensive electric cars are for a market which Nissan t plan to target.

Nissan Electric Cars

Ghosn off criticism that Nissan is behind its bigger rivals — and Honda Motor Co. — in the increasingly market for gas-electric hybrid

Ghosn said the global for hybrid cars remains too with hybrid cars for just 3.5 percent of the Japanese market in 2008, and 2.3 percent in the States.

Globally, the market for cars is below one percent, said, attributing hype gas-electric cars to heavy coverage.

The meeting of Nissan came after the company a net loss of 233.7 billion yen in the year to March 2009. It was the time Nissan had sunk to an loss since Ghosn the helm a decade ago under an with Renault SA of France.

Hit by a collapse in demand amid the economic crisis, the company s tanked worldwide. It expects to 3.08 million vehicles in the fiscal year to March down 9.7 percent year-on-year.

said a prolonged slump in the market is continuing, with projections in Japan, the United and Europe all looking grim year.

Is the worst behind us? I don t I cannot tell you, he

Nissan forecast its global share will stand at 5.7 in the current financial year, up 0.2 of a point year-on-year.

Nissan shares closed at 571 yen down 4.7 percent from

Nissan Electric Cars
Nissan Electric Cars

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