Nissan Showcases All-Solid-State Battery Pilot Line In Japan By Chitrika Grover/ Updated On Tue, Apr 16th, 2024 Highlights : Under Nissan’s 2030 long-term vision, it aims to launch EVs equipped with the batteries by fiscal year 2028. Nissan Showcases All-Solid-State Battery Pilot Line In Japan Japan-based Nissan has showcased its new in-construction all-solid-state battery pilot line to members of the media at its Yokohama Plant in Kanagawa Prefecture. At the media conference, the company showcased its pilot line which is aimed to further promote development and innovative manufacturing technologies for the batteries. Under Nissan’s 2030 long-term vision, it aims to launch EVs equipped with batteries by fiscal year 2028. The all-solid-state batteries, which will be game-changers for EVs, have the potential for energy density approximately twice that of conventional lithium-ion batteries, says the company. The battery has significantly shorter charging time due to superior charge and discharge performance, and lower costs due to less expensive materials. Nissan plans to use all-solid-state batteries in a wide range of vehicle segments, including pickup trucks, making its EVs more competitive. Nissan is conducting wide-ranging research and development, from molecular-level battery material research to electric vehicle development, and even city development using EVs as storage batteries. Utilizing this experience, Nissan is stepping up development with the goal of practical implementation. Earlier this year, the company launched ‘The Arc’, its new business plan to drive value and strengthen competitiveness. The plan focused on a broad-based product, increased electrification, and new approaches to engineering and manufacturing. It focused on new technologies adoption, and the use of strategic partnerships to increase global unit sales and improve profitability. Under the two-part plan, Nissan hoped to ensure volume growth through a tailored regional strategy and prepare for an accelerated transition to electric vehicles (EVs). It’s supported by a balanced electrified/ICE product portfolio, volume growth in major markets, and financial discipline. Through these initiatives, Nissan aims to lift annual sales by 1 million units and increase its operating profit margin to more than 6%, by the end of fiscal year 2026. This claimed to pave the way for the second part of the plan aimed at enabling the EV transition and realizing long-term profitable growth, supported by smart partnerships, enhanced EV competitiveness, differentiated innovations, and new revenue streams. By fiscal year 2030, Nissan sees a revenue potential of 2.5 trillion yen from new business opportunities. A crucial part of its plan was to receive support from new development and manufacturing approaches that are aimed at making EVs more affordable and increasing profitability. They planned to develop EVs in families, integrating powertrains, utilizing next-generation modular manufacturing, group sourcing, and battery innovations, Nissan aims to reduce the cost of next-generation EVs by 30% (when compared to the current model Ariya crossover) and achieve cost-parity between EVs and ICE models by fiscal year 2030. Tags: 2030 vision, all-solid-state batteries, battery material research, International, Lithium ion, Nissan